Featured Research

from universities, journals, and other organizations

Carbon dioxide emissions rebound quickly after global financial crisis

Date:
December 5, 2011
Source:
DOE/Oak Ridge National Laboratory
Summary:
The sharp decrease in global carbon dioxide emissions attributed to the worldwide financial crisis in 2009 quickly rebounded in 2010, according to researchers.

For the first time, in 2009, developing countries surpassed developed countries in consumption-based carbon dioxide emissions. The shaded region represents the difference between developed and developing consumption-based and production-based carbon dioxide emissions.
Credit: Image courtesy of DOE/Oak Ridge National Laboratory

The sharp decrease in global carbon dioxide emissions attributed to the worldwide financial crisis in 2009 quickly rebounded in 2010, according to research supported by the Carbon Dioxide Information Analysis Center at the Department of Energy's Oak Ridge National Laboratory.

In 2010, emissions reached an all-time high of 9.1 billion tons of carbon, compared with 8.6 billion tons in 2009. The downturn was also followed by milestone carbon dioxide emissions from the developing world's emerging economies. In developing countries, consumption-based emissions, or those emissions associated with the consumption of goods and services, increased 6.1 percent over 2009 and 2010.

As a result, 2009 marked the first time that developing countries had higher consumption-based emissions than developed countries.

"Previously, developed countries released more carbon dioxide, but that's no longer true due to emerging economies in developing countries, such as China and India," said Tom Boden of ORNL's CDIAC. "This trend will likely continue in the future based on current developments."

Authors of the paper, "Rapid growth in CO2 emissions after the 2008-2009 global financial crisis" published in Nature Climate Change, credit three major factors for the rapid carbon dioxide rebound.

"The impact of the 2008-2009 Global Financial Crisis (GFC) on emissions has been short-lived due to strong emissions growth in emerging economies, a return to emission growth in developed economies, and an increase in the fossil fuel intensity of the world economy," said the authors of the paper.

So far, the GFC has not contributed to a long-term decrease in global carbon emissions, as has been the case in the past. For example, the oil crises in 1973 and 1979 caused persistent price shocks and structural changes in energy production and consumption that led to a reduction in the global reliance on oil and an increase in the reliance on natural gas, which resulted in a drop in emissions.

"The GFC was an opportunity to move the global economy away from a high emissions trajectory," the authors say. "Our results provide no indication of this happening and indicate that the GFC has been quite different from previous global crises."

Boden cites two reasons for this uncharacteristic rebound.

"The GFC did not impact major developing countries, such as China and India, like it did the United States and the European nations," Boden said. "Also, some of the negative effects on sectors impacted during the GFC, such as the transportation sector involved in international trade, are over or at least have subsided."

This work is a collaborative effort of the Global Carbon Project, a joint project of the Earth System Science Partnerships, to provide regular analyses of the main global carbon sources and sinks. In addition to Boden of ORNL, authors of the paper include Glen Peters of the Center for International Climate and Environmental Research; former ORNL environmental sciences division staff Gregg Marland, now of Appalachian State University; Corinne Le Quere of the University of East Anglia; and Joseph Canadell and Michael Raupach of Marine and Atmospheric Research in Australia. CDIAC is supported by the U.S. DOE Office of Science.

UT-Battelle manages ORNL for DOE's Office of Science.


Story Source:

The above story is based on materials provided by DOE/Oak Ridge National Laboratory. Note: Materials may be edited for content and length.


Journal Reference:

  1. Glen P. Peters, Gregg Marland, Corinne Le Quéré, Thomas Boden, Josep G. Canadell, Michael R. Raupach. Rapid growth in CO2 emissions after the 2008–2009 global financial crisis. Nature Climate Change, 2011; DOI: 10.1038/nclimate1332

Cite This Page:

DOE/Oak Ridge National Laboratory. "Carbon dioxide emissions rebound quickly after global financial crisis." ScienceDaily. ScienceDaily, 5 December 2011. <www.sciencedaily.com/releases/2011/12/111205140613.htm>.
DOE/Oak Ridge National Laboratory. (2011, December 5). Carbon dioxide emissions rebound quickly after global financial crisis. ScienceDaily. Retrieved October 1, 2014 from www.sciencedaily.com/releases/2011/12/111205140613.htm
DOE/Oak Ridge National Laboratory. "Carbon dioxide emissions rebound quickly after global financial crisis." ScienceDaily. www.sciencedaily.com/releases/2011/12/111205140613.htm (accessed October 1, 2014).

Share This



More Earth & Climate News

Wednesday, October 1, 2014

Featured Research

from universities, journals, and other organizations


Featured Videos

from AP, Reuters, AFP, and other news services

Raw: 12 More Bodies Found on Japan Volcano

Raw: 12 More Bodies Found on Japan Volcano

AP (Oct. 1, 2014) — A dozen more bodies were found Wednesday as Japanese rescuers resumed efforts to find survivors and retrieve bodies of those trapped by Mount Ontake's eruption. (Oct. 1) Video provided by AP
Powered by NewsLook.com
Cultural Learning In Wild Chimps Observed For The First Time

Cultural Learning In Wild Chimps Observed For The First Time

Newsy (Oct. 1, 2014) — Cultural transmission — the passing of knowledge from one animal to another — has been caught on camera with chimps teaching other chimps. Video provided by Newsy
Powered by NewsLook.com
Raw: Trapped Scientist Rescued from Cave in Peru

Raw: Trapped Scientist Rescued from Cave in Peru

AP (Oct. 1, 2014) — A Spanish scientist, who spent 12 days trapped about 1300 feet underground in a cave in Peru's remote Amazon region, was rescued on Tuesday. (Oct. 1) Video provided by AP
Powered by NewsLook.com
Media, Industry Groups React To Calif. Plastic Bag Ban

Media, Industry Groups React To Calif. Plastic Bag Ban

Newsy (Sep. 30, 2014) — California is the first state in the country to ban single-use plastic bags in grocery, liquor and convenience stores. Video provided by Newsy
Powered by NewsLook.com

Search ScienceDaily

Number of stories in archives: 140,361

Find with keyword(s):
 
Enter a keyword or phrase to search ScienceDaily for related topics and research stories.

Save/Print:
Share:  

Breaking News:

More Coverage


Global Carbon Project Annual Emissions Summary

Dec. 6, 2011 — Global carbon dioxide emissions increased by a record 5.9 per cent in 2010 following the dampening effect of the 2008-2009 Global Financial Crisis, according to scientists working with the Global ... read more

Strange & Offbeat Stories

 

Plants & Animals

Earth & Climate

Fossils & Ruins

In Other News

... from NewsDaily.com

Science News

Health News

Environment News

Technology News



Save/Print:
Share:  

Free Subscriptions


Get the latest science news with ScienceDaily's free email newsletters, updated daily and weekly. Or view hourly updated newsfeeds in your RSS reader:

Get Social & Mobile


Keep up to date with the latest news from ScienceDaily via social networks and mobile apps:

Have Feedback?


Tell us what you think of ScienceDaily -- we welcome both positive and negative comments. Have any problems using the site? Questions?
Mobile iPhone Android Web
Follow Facebook Twitter Google+
Subscribe RSS Feeds Email Newsletters
Latest Headlines Health & Medicine Mind & Brain Space & Time Matter & Energy Computers & Math Plants & Animals Earth & Climate Fossils & Ruins