The International Energy Agency predicts a major reshaping of the global energy market as quicker than expected climate change could heat up the planet by and additional 5.3 degrees C if carbon emissions aren't cut.
Last year carbon emissions from fossil fuels hit a record 31.6 bn tonnes, up 1.4%, according to the IEA's World Energy Outlook report. That's despite positive figures from the two largest green house gas emitters the US and China.
American emissions of carbon dioxide from fossil fuels fell by 200 million tonnes to levels last seen in the mid-1990s due to a transition from coal power to natural gas and renewable energy, the Guardian reports. European emissions fell 50 million tonnes due to economic contraction and renewable energy growth, despite an increase in coal energy use. The Chinese growth of emissions by 300 million tonnes is the smallest over the past decade as China continues to invest into diversifying its energy sources and installing more renewables and more energy efficiency.
See full Article: http://rt.com/business/global-power-cost-energy-522/
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