Global CO2 emitters on a path to surpass initial emission targets

17 Nov 2022 CW Team

According to the "Global Carbon Budget Report 2022," the top four CO2 emitters in 2021 were China (31%), the US (14%), the European Union (8%) and India (7%).

According to the report "Big Four: Are Major Emitters Downplaying Their Climate and Clean Energy Progress?" published by the UK-based Energy and Climate Intelligence Unit. Global crisis and market mechanisms are thought to be the primary forces driving the global transition to renewable energy, electric vehicles, and low-carbon heating systems, particularly in those four countries.

Concerns about energy access and security, rapid price declines that make renewable energy sources like wind and solar significantly more affordable than fossil fuel alternatives, and support for Ukraine in Europe are all factors contributing to this momentum. As key markets near tipping points, EV sales are accelerating at the same time.

According to the report, these forces are so strong in the three countries that they may very well be on course to surpass their emission targets under the Paris Agreement. The likelihood of limiting global warming to 1.5 degrees Celsius is increased by this.

According to the authors, India's adoption of renewable energy, especially solar energy, is accelerating quickly and will significantly alter the nation's electricity industry this decade.

India reaffirmed its commitment to achieving its 2030 goals of achieving a cumulative installed capacity of non-fossil fuel-based energy resources of about 50% and a reduction in GDP emissions intensity of 45% from 2005 levels in August when it updated its list of its "nationally determined contributions."

At least three of the top four greenhouse gas emitters—China, the EU, and India—will transition to a clean energy economy more quickly than they have indicated in national plans or Nationally Determined Contributions, according to a new analysis released in conjunction with the UN climate summit in Egypt (NDCs). According to the Global Carbon Budget Report 2022, the top four CO2 emitters in 2021 were China (31%), the US (14%), the European Union (8%) and India (7%). According to the report Big Four: Are Major Emitters Downplaying Their Climate and Clean Energy Progress? published by the UK-based Energy and Climate Intelligence Unit. Global crisis and market mechanisms are thought to be the primary forces driving the global transition to renewable energy, electric vehicles, and low-carbon heating systems, particularly in those four countries. Concerns about energy access and security, rapid price declines that make renewable energy sources like wind and solar significantly more affordable than fossil fuel alternatives, and support for Ukraine in Europe are all factors contributing to this momentum. As key markets near tipping points, EV sales are accelerating at the same time. According to the report, these forces are so strong in the three countries that they may very well be on course to surpass their emission targets under the Paris Agreement. The likelihood of limiting global warming to 1.5 degrees Celsius is increased by this. According to the authors, India's adoption of renewable energy, especially solar energy, is accelerating quickly and will significantly alter the nation's electricity industry this decade. India reaffirmed its commitment to achieving its 2030 goals of achieving a cumulative installed capacity of non-fossil fuel-based energy resources of about 50% and a reduction in GDP emissions intensity of 45% from 2005 levels in August when it updated its list of its nationally determined contributions. See also: India plans to reduce its reliance on all fossil fuels Indian energy firms to establish a carbon market

Real Estate

15 Jan 2026

Six Flags Qiddiya City Opens as Saudi Arabia’s First Six Flags Park

AtkinsRéalis, in partnership with Qiddiya Investment Company, has delivered Six Flags Qiddiya City, marking the opening of Saudi Arabia’s first Six Flags theme park and the first Six Flags destination built entirely outside North America. The park is the first of 70 major assets planned within Qiddiya City and represents a key milestone in the Kingdom’s Vision 2030 strategy to develop globally competitive leisure and tourism destinations.The opening ceremony, held under the patronage of HRH Prince Faisal bin Bandar bin Abdulaziz, Governor of Riyadh Province, marks the first major attracti..

Infrastructure Urban

15 Jan 2026

German Chancellor Visits Bosch India Campus in Bengaluru

Strengthening the long-standing partnership between India and Germany, Friedrich Merz, Federal Chancellor of the Federal Republic of Germany, recently visited the Bosch campus at Adugodi, Bengaluru, during his India trip. The delegation was hosted by Guruprasad Mudlapur, President of the Bosch Group in India and Managing Director, Bosch Limited, who showcased key innovations developed in the region.During the visit, the delegation experienced Bosch’s H2ICE demonstrator truck featuring a fully integrated powertrain and telematics system. Bosch India, in collaboration with Bosch Germany, is ad..

Infrastructure Urban

15 Jan 2026

ICC, Maharashtra Sign MoU to Boost Industry Engagement

The Indian Chamber of Commerce (ICC) and the Government of Maharashtra recently signed a Memorandum of Understanding (MoU) to enhance cooperation and deepen engagement between Indian businesses and the State, with a focus on investment facilitation, ease of doing business and sustained industry–government dialogue.The MoU was signed by Dr P Anbalagan, IAS, Principal Secretary (Industry, Investment and Services), Government of Maharashtra, and Dr Rajeev Singh, Director General, ICC, in the presence of leading business representatives.Speaking on the occasion, Dr Anbalagan said the partnership..