Stock Groups

U.S. greenhouse gas emissions jumped 6.2% in 2021-report -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILEPHOTO: Steam rises from the chimneys of Big Bend Power Station in Apollo Beach Florida U.S.A, August 14, 2019. REUTERS/Lucas Jackson

WASHINGTON, (Reuters) – U.S. greenhouse gases increased by 6.2% last year compared to 2020 levels. This was due to an increase in coal-fired electricity usage and the return of drivers to roads following the coronavirus pandemic. According to a Monday report.

According to the projected increase in emissions, the U.S. now is further from the Paris climate accord target of reducing emissions by 50-52% by 2030. According to research group Rhodium Group (a U.S.-based organization), U.S. greenhouse gases emissions fell 17.4% from 2005 levels by 2021. This is up from 22.2% in 2020.

They analyzed U.S. emissions data from 2021. This was the year supposed to mark recovery after the effects of the pandemic. According to estimates, GDP grew 5.7% in the year 2000, emissions growth was greater than economic recovery.

Transportation and the electric power sector were driving the growth in emissions. Their greenhouse gas emission rose by 10% and 6.6% in 2021 respectively.

High prices in the power sector led to 17% increase in coal production – the first rise since 2014. This drove up emissions.

Nearly a third US’s net US emission comes from the transportation sector. The largest rise in US greenhouse gas emissions was seen in 2021. It happened one year after a decline of 15% in 2020 levels.

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information, including buy/sell signal data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]