For the first time since 2000, the world has reached a record decarbonisation levels with China setting the pace - Alldamoney

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For the first time since 2000, the world has reached a record decarbonisation levels with China setting the pace

The average global decarbonisation rate has been at a low of 1.3% per year for the last 15 years, leading to predictions of global carbon budget running out as early as 2036. But few months after the Paris Agreement, there has been a drastic reduction as carbon intensity fell by a record-breaking 2.8% (up from 2.7% in 2014).

The accord to combat climate change reached in Paris last year is officially in effect from today Nov 5, 2016

The decrease falls in line with national targets set by countries at the Paris Agreement.

A recent 2.8% decrease mostly by Major economies of China, UK, and the US is the highest rate since 2000, more than double the usual average.
And for the first time, China has topped as the country with the most decrease as a result of falling coal use and a shifting economic base with rapid growth in less carbon-intensive services.

Meanwhile the carbon intensity index an index that measures the average emission rate of a given pollutant from a given source relative to the intensity of a specific activity which tracks the effort G20 countries have made to meet their carbon budgets and decarbonise their economies since 2000 revealed that china topped in carbon emission reduction among major economies for the first time

Other major economies that improved in their index are the UK and US including some major emerging economies that showed strong reductions in carbon intensity last year. for example India, South Africa, Mexico, and Canada all exceeded their Paris targets showing that emissions growth are decoupling from economic growth for the second year running.

However, Argentina, Indonesia Brazil, Saudi Arabia and Italy did not even meet the rate needed to meet their own Intended Nationally Determined Contributions (INDC) targets these countries have more work to do on their carbon reductions.
According to PwC sustainability and climate change director Jonathan Grant,

“In 2015 the world economy decarbonised at record levels but it still falls far short of the rapid reductions needed to achieve the two degrees goal. With each passing year, the global challenge gets tougher.  To stay within the two degrees carbon budget the annual reduction in carbon intensity now needs to reach 6.5%, up from 5.1% four years ago.

Video: On The global accord to combat climate change

Finally, the global carbon budget will last only four years, even at this faster decarbonisation rate to around 2040, therefore countries need to put in more effort if any progress needs to be made in the nearest future.

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