Declines were led by the US (-0.5%). This is the ninth time in this century that the US has had the largest decline in emissions in the world. This also was the third consecutive year that emissions in the US declined, though the fall was the smallest over the last three years.
Carbon emissions from energy use from the US are the lowest since 1992, the year that the UNFCCC came into existence. The next largest decline was in Ukraine (-10.1%).
The largest increase in carbon emissions in 2017 came from China (1.6%), a reversal from the past three years when the largest increases in emissions came from India. China’s emissions in 2017 were 0.3% higher than the previous peak in 2014. China has had the world’s largest increments in carbon emission every year this century except in four years – 2000 and between 2014-16.
The next highest increment came from India where emissions rose by 4.4%, though lower than its 10-year average (6% p.a.).
Together, China and India accounted for nearly half of the increase in global carbon emissions.EU emissions were also up (1.5%) with just Spain accounting for 44% of the increase in EU emissions. Among other EU members, UK and Denmark reported the lowest carbon emissions in their history.
We believe that carbon pricing provides the right incentives for everyone – energy producers and consumers alike – to play their part in reducing emissions