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6 Mar 2025

Thai Economy

CO2 emissions in 2024 increased by 0.8% due to fossil fuel consumption (Current Issue No.3567)

คะแนนเฉลี่ย
  • Global CO2 emissions in 2024 continue to rise, primarily driven by the use of fossil fuels including oil, natural gas, and coal. As a result, CO2 levels reached a record high of 37.4 billion tons, a rise of 0.8 percent from the previous year. Meanwhile, to achieve global Net Zero targets, CO2 emissions must be reduced by an average of 3.9 percent per year.
  • Land-use emissions remain high and are another major source of global CO2 emissions, particularly from livestock farming, soybean cultivation, and oil palm plantation in Brazil, Indonesia, and DR Congo. However, new policies such as the EU Deforestation Regulation (EUDR) and outcomes from COP30 may help reduce CO2 emissions from this source in the future.
  • The decline in CO2 absorption due to El Niño conditions and wildfires has led to an increase in atmospheric CO2 concentrations, counteracting efforts to reduce CO2 emissions in many countries. Meanwhile, geopolitical factors such as US energy policies and the withdrawal of major banks from the Net Zero Banking Alliance (NZBA) could impact the global trajectory of greenhouse gas reduction in the short term.

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