According to the recently released BP
Statistical Review of World Energy, Global carbon emissions grew by 2%, the highest
since 2010-2011. The report has termed the trend unsustainable.
The BP report has found that while the use of
renewable forms of energy grew by 14.5% in 2018, it still accounted for just a
third of the total rise in power generation in 2018.
The United States recorded the largest-ever
annual production increases by any country for both oil and natural gas with
the vast majority of increase coming from onshore shale.
The report has highlighted that there is a
growing mismatch between societal demands for action on climate change and the
actual pace of progress. This can be understood from energy demand and carbon emissions
growing at fastest rates for years.
BP plc. is a British multinational oil and gas
company headquartered in London, United Kingdom. The BP Statistical Review of
World Energy is viewed as an energy industry standard.
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