CDP’s Carbon Majors Database has just released its Carbon Majors Report 2017, a document for investors looking to understand the extent to which their fossil-fuel holdings are associated with carbon emissions. Short answer? A lot. It’s a remarkable document, packed with all sorts of eye-popping data and insights.
Like this: Just 100 state and commercial producers are responsible for 70.6% of all greenhouse gases (GHGs) from 1988-2015. That’s 923 billion tonnes of C02e (a catch-all term that includes carbon dioxide, methane, nitrous oxide, and refrigerant gases).And, no, things aren’t getting better yet: The fossil fuel industry has contributed as much GHG to the atmosphere in the 28 years since 1988 as it did in the first 237 years since the industrial revolution began, largely from the rapid increase in coal production.
Just 25 state or corporate entities since 1988 producers account for 51% of emissions.
Since the industrial revolution, the 100 companies and eight now-defunct entities in the database have been responsible for 1.1 trillion tonnes and 62% of GHGs in the atmosphere.
Much of the data on emissions is collected by governments around the globe, and the Carbon Majors Database is an attempt to aggregate information on carbon dioxide and methane emissions in one place. It was begun in 2013 by Richard Heede of the Climate Accountability Institute (CAI) to draw lines between emissions and the “carbon majors,” the entities producing them. The Carbon Disclosure Project…
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