Taps Coogan – September 13th, 2021
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The following chart, from Natixis via Patrick Artus, shows that emissions from the world’s largest developed market countries (the US, UK, Eurozone, and Japan) peaked back around 2006 and have declined over 20% in the last 15 years. As the chart shows, CO2 emissions are also likely to end 2021 well below pre-Covid levels.
As we’ve noted numerous times, global emissions are rising primarily as a result of emissions in China and other emerging markets. Some of that is a result of Western countries outsourcing ever more of their industrial production, but ultimately doing that is more polluting because the majority of power production in countries such as China and India comes from coal.
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