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Identifying the socio-economic drivers behind greenhouse gas emissions is crucial to design mitigation policies. Existing studies predominantly analyze short-term CO2 emissions from fossil fuels, neglecting long-term trends and other GHGs. We examine the drivers of all greenhouse gas emissions between 1820–2050 globally and regionally. The Industrial Revolution triggered sustained emission growth worldwide—initially through fossil fuel use in industrialized economies but also as a result of agricultural expansion and deforestation. Globally, technological innovation and energy mix changes prevented 31 (17–42) Gt CO2e emissions over two centuries. Yet these gains were dwarfed by 81 (64–97) Gt CO2e resulting from economic expansion, with regional drivers diverging sharply: population growth dominated in Latin America and Sub-Saharan Africa, while rising affluence was the main driver of emissions elsewhere. Meeting climate targets now requires the carbon intensity of GDP to decline 3 times faster than the global

A new report, published on 14 March, 2021 in the Royal Swedish Academy of Sciences’ journal Ambio, points out that humanity is hurtling towards destruction unless we have the collective wisdom to change course quickly.

This report analyzes fossil fuel financing from the world’s 60 largest commercial and investment banks — aggregating their leading roles in lending and underwriting of debt and equity issuances — and finds that these banks poured a total of $3.8 trillion into fossil fuels from 2016–2020.