2020 emissions: precedent-setting or bucking the trend?

Paris (AFP) – For a few moments in late April of 2020, oil — normally the lifeblood of the world economy — became more expensive to store than to pay someone to take it away. Crude oil’s wildly fluctuating futures prices reflected the impact of the coronavirus pandemic, with record falls in greenhouse gas emissions and fossil fuel demand making 2020 an unexpectedly good year for the climate. The United Nations and the Global Carbon Project both said this month that planet-warming carbon pollution was set to fall seven percent this year, the largest single-year drop in history. As pressure mo…

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