Our Fossil Fuel Addiction is at an All-Time High

🌎 Six Nations Responsible for Half of Global GHG Emissions

• China, the US, India, EU27, Russia, and Brazil
• Together, they have a population of 50%, contribute 60% of global GDP, consume 2/3 of fossil fuels, and emit 60% of GHGs

⬆️ China, US, and India Increased Emissions in 2022

• India had the most significant relative increase at 5%

⬇️ EU27, Russia, and Brazil Decreased Emissions in 2022

• Russia had the most substantial decrease at -2.4%

Only 57 major companies in oil, gas, coal, and cement contribute to 80% of global fossil CO₂ emissions since the 2016 Paris climate agreement.

• 65% of state-owned and 55% of private companies raised production in the seven years after the agreement.
• ExxonMobil tops the list among private contributors, emitting 3.6 gigatonnes of CO₂, about 1.4% of the global total.
• Other major private contributors include Shell, BP, Chevron, and TotalEnergies, each accounting for at least 1% of global emissions.
• State-owned companies, especially in the Asian coal sector, have seen a significant rise in emissions.

What is Carbon Capture and Storage (CCS)?

• A promising solution to CO₂ emissions
• Works by capturing CO₂ from factories and power plants
• Moves them safely and stores them underground
• Prevents CO₂ from mixing with the atmosphere

🔍 Capture: CO2 is captured from the emissions of power plants and other industrial facilities before it can be released into the atmosphere. There are various technologies for this, such as post-combustion, pre-combustion, and direct air capture.

🚢 Transport: The captured CO2 is then transported via ship or pipeline to another location.

🗄️ Storage: The CO2 is stored deep underground in geological formations, preventing it from entering the atmosphere. This is known as carbon sequestration.