Markets.News
A recent report indicates that global carbon dioxide emissions hit a new record high in 2021, reaching a total of 39.4 billion metric tons. This marks a significant increase of 11% compared to pre-pandemic levels in 2019. The data also reveals that the world's top three carbon emitters - China, the United States, and India - were responsible for more than half of the global emissions. The surge in emissions is attributed to the rebound in economic activities following the COVID-19 pandemic, with industries such as energy, transportation, and construction contributing the most. This alarming trend highlights the urgent need for countries to intensify their efforts to combat climate change and transition to sustainable energy sources to curb further environmental damage.