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Carbon Accounting

Summary:
Carbon flow, stock and budget according to the recent Geneva Report on Climate and Debt: Annual global CO2 emissions from fossil fuel and industry: 40 gigatonnes. Cumulative historical emissions since 1850: 2400 gigatonnes. They are responsible for a temperature rise of 1 degree Celsius. Remaining carbon budget given 1.5 degree Celsius temperature rise cap: 300 gigatonnes.

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Carbon flow, stock and budget according to the recent Geneva Report on Climate and Debt:

  • Annual global CO2 emissions from fossil fuel and industry: 40 gigatonnes.
  • Cumulative historical emissions since 1850: 2400 gigatonnes. They are responsible for a temperature rise of 1 degree Celsius.
  • Remaining carbon budget given 1.5 degree Celsius temperature rise cap: 300 gigatonnes.
Dirk Niepelt
Dirk Niepelt is Director of the Study Center Gerzensee and Professor at the University of Bern. A research fellow at the Centre for Economic Policy Research (CEPR, London), CESifo (Munich) research network member and member of the macroeconomic committee of the Verein für Socialpolitik, he served on the board of the Swiss Society of Economics and Statistics and was an invited professor at the University of Lausanne as well as a visiting professor at the Institute for International Economic Studies (IIES) at Stockholm University.

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