07/06/2022
A look at CO2 Emissions and Consumption of Oil, Coal and Gas for 44 countries between 1990 and 2020
Climate change, global warming, green house gases, environmental sustainability, et cetera have been common words over the last couple of years and that's not surprising given the already documented and predicted devastating weather and other climatic events attributed to man's activities.
An analysis of data on CO2 emissions and consumption of mainly non-renewable energy ("Dirty" Fuels) from a sample of 44 countries gives a sneak peek into the relationship between the consumption of these fuels and the amount of carbon dioxide in the atmosphere. As expected, the more hydrocarbons you burn, the more CO2 you produce in the process.
Coal, Oil and Gas consumption have positive relationships with the amount of CO2 emissions ranging from fairly strong for gas (R =0.68) to very strong relationship for oil (R = 0.88) and coal (R = 0.91). Below are a few more insights: -
1. Highest coal consumption in 2013 at 7.6Bn tons.
2. South America has the highest renewables usage at 62.6% share of electricity. The region also has the least coal consumption at 1.1Bn tons.
3. CO2 emissions have increased from 18.5B tons to 28.4B tons between 1990 and 2020 (53% increase).
4. Top 3 CO2 emitters: Asia, North America & Rest of Europe (excl. The EU).
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