Wednesday, 10 June 2009

BP Statistical Review of World Energy 2009 - revised emissions calculations

Also published today is the BP Statistical Review of World Energy 2009 . As I based my CO2 emission calculations in previous entries on the 2008 review I felt it was only fair to update them in light of the latest figures. According to my calculations, emissions fell by 3.1% in the US last year and by 2.7% in the EU (globally they increased by 1.8%).

The new figures suggest that if the US' emissions follow the same trend as they did in the early 1980s recession, they won't recover their 2007 level until 2022! In the meantime global emissions will have risen by 13%. So even more categorical evidence that Krugman is wrong in his criticism of Feldstein's statements on US CO2 emissions.

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