GDP growth is a decent, but not perfect, proxy for CO₂ emissions growth.
If the IMF GDP growth of –3% & –6% align with Le Quéré et al CO₂ emissions growth of –4.2% & 7.5%, then CO₂/GDP would decline –1.2% & –1.5%. Much lower than the 10 year average.
nature.com/articles/s4155…
If the IMF GDP growth of –3% & –6% align with Le Quéré et al CO₂ emissions growth of –4.2% & 7.5%, then CO₂/GDP would decline –1.2% & –1.5%. Much lower than the 10 year average.
nature.com/articles/s4155…
2. There is not much relationship between GDP growth & CO₂/growth, but during the Global Financial Crisis in 2008/2009 there was not much of a decline in CO₂/GDP (this is just one data point, see previous tweet).
3. Going back further in time. During the oil crises (~1975, ~1980) & collapse of the former Soviet (~1992), if anything, CO₂/GDP went down.
Are other crises an analogue for COVID19? Perhaps not, as the service sectors are hit the hardest (low CO₂/GDP).
Check back in 2021...
Are other crises an analogue for COVID19? Perhaps not, as the service sectors are hit the hardest (low CO₂/GDP).
Check back in 2021...
