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Carbon dioxide emissions rebound quickly after global financial crisis
Date:12/5/2011

and an increase in the reliance on natural gas, which resulted in a drop in emissions.

"The GFC was an opportunity to move the global economy away from a high emissions trajectory," the authors say. "Our results provide no indication of this happening and indicate that the GFC has been quite different from previous global crises."

Boden cites two reasons for this uncharacteristic rebound.

"The GFC did not impact major developing countries, such as China and India, like it did the United States and the European nations," Boden said. "Also, some of the negative effects on sectors impacted during the GFC, such as the transportation sector involved in international trade, are over or at least have subsided."


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Contact: Emma Macmillan
macmillanee@ornl.gov
865-241-9515
DOE/Oak Ridge National Laboratory
Source:Eurekalert  

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