Dear Members,
EDGAR, one of the most comprehensive sources of global emissions data, has published its updated greenhouse gas inventory for 2024.
The new report provides a critical assessment of the current state of climate policies around the world.
You can access the full report here.
New Record in Global Emissions
In 2024, global greenhouse gas emissions reached 53.2 Gt CO₂e, the highest level ever recorded. This represents a 1.3% increase compared to 2023.
74.5% of emissions still come from CO₂ generated by fossil fuels.
Among the world's ten largest economies, the EU is the only region that managed to reduce its emissions on an annual basis in 2024:
- EU: –1.8%
- US: +0.4%
- China: +0.8%
- India: +3.9%
- Turkey: +2.7% (among the countries with the fastest growth in 2024)
Findings Regarding Turkey
The report reveals that Turkey increased its greenhouse gas emissions by 2.7 per cent annually in 2024.
Long-term trends are also quite striking:
- Turkey's total emissions have increased by 156% compared to 1990 levels.
- A structural upward trend continues in carbon-intensive sectors such as energy, transport and industry.
This picture shows that Turkey remains strongly tied to the triangle of energy supply security, economic growth and emissions increase. It is clear that more robust and stable policy frameworks are needed for long-term decarbonisation targets.
EU Leads the Way in Emissions Reduction
As of 2024, the EU has reduced its emissions by 35% compared to 1990 levels.
With emissions falling to a total of 3.2 Gt CO₂e, its share of global emissions has dropped to 5.9%.
To align with the Paris Agreement's global temperature targets, global emissions must be reduced by 42% by 2030. However, the current situation indicates that this target is still a long way off.
It is once again clear that the pace of policy implementation at the global level lags behind scientific requirements.
Source: Green Growth