Global CO2 emitters on a path to surpass initial emission targets
POWER & RENEWABLE ENERGY

Global CO2 emitters on a path to surpass initial emission targets

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


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

Next Story
Real Estate

Alpine Luxury Homes Surge 23% Despite Global Slowdown

The latest Knight Frank Alpine Property Report 2026 reveals that Europe’s Alpine property market continues to outperform global luxury trends, with prime home prices rising 23 per cent on average over the past five years. The surge is being driven by year-round demand, flexible working lifestyles, and a growing appetite for permanent mountain living.The Knight Frank Alpine Property Index recorded 3.3 per cent annual growth, led by Andermatt (+14.6 per cent), Davos (+10 per cent), and Cortina d’Ampezzo (+10 per cent), underscoring the region’s resilience and enduring international appeal...

Next Story
Infrastructure Urban

Hindustan Zinc Partners with BecomingX for the World’s Deepest Marathon

Hindustan Zinc the world’s largest integrated zinc producer and one of the top five global silver producers, has announced its partnership with BecomingX for the World’s Deepest Marathon, an unprecedented endurance event set 1,120 metres below the Earth’s surface at Boliden’s Garpenberg zinc mine in Sweden.Taking place on October 25, the marathon will feature 60 runners from 18 countries — including CEOs, mining leaders, charity workers, and first-time marathoners — all uniting to raise $1 million for charity. Hindustan Zinc’s CEO, Arun Misra, and COO, Kishore S will represent th..

Next Story
Infrastructure Urban

Bridgestone India Honours Changemakers at Mobility Impact Awards 2025

Bridgestone India announced the winners of the 5th edition of its Mobility Social Impact Awards (MSIA) 2025, celebrating organisations that have leveraged mobility as a catalyst for social transformation. The award ceremony, held in Pune, brought together industry leaders, policymakers, and social innovators dedicated to advancing inclusive and sustainable mobility solutions.The awards were presented across two categories — Empowerment of Vulnerable Communities and Road Safety Innovation and Excellence — and felicitated by Dr. Girish Kulkarni, noted social worker and Founder of Snehalaya...

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?