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 Faculty of Economics, Administrative and Social Sciences - iisbf@gelisim.edu.tr

International Trade And Finance








 Carbon Dioxide Emissions After the Covid-19


According to the International Energy Agency's April 2021 report, the second largest increase in carbon dioxide emissions is seen in its history.


With the Covid-19 in 2020, there was a great decrease in carbon dioxide emissions with the decrease in economic activities, human activities such as transportation and mobility. However, after the epidemic we are experiencing, it is predicted that the global energy-related carbon dioxide emissions will increase by 1.5 billion tons with the recovery period in 2021. It is said that this will cause most of the decline caused by the Covid-19 last year to reverse.
 
The International Energy Agency makes this increase forecast based on the latest national data from around the world, real-time analysis of economic growth trends and new energy projects. The biggest factor in the forecast that CO2 emissions will increase by approximately 5% this year to 33 billion tons is the demand for coal. It is estimated that coal, which is especially demanded to generate a large amount of electricity, will grow by 4.5%, exceeding the 2019 level and reaching an all-time high by 2014.
 
In 2021, it is predicted that the use of coal by the United States and the European Union will increase, while it is expected that 80 percent of the coal demand growth will originate from Asia, especially China. Global energy demand growth is expected to increase by 4.6% in 2021, above the level of two years ago, mainly due to the impact of emerging markets and emerging economies.
 
It is said that the strong recovery in coal demand for energy production, with the effect of the positive developments in the solution of the global health crisis, will prompt governments to take urgent action to reduce emissions before the situation worsens for the coming years.

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