While we ponder the global financial meltdown…

September 30, 2008

Dot Earth‘s Andrew Revkin points out that:

Overnight the Global Carbon Project, a network of scientists tracking emissions of carbon dioxide, released its latest update, and it shows that emissions are accelerating and are close to the highest scenarios considered by the Intergovernmental Panel on Climate Change last year.

Moreover…

More than half of global emissions, which totaled more than 34 billion tons of CO2 in 2007, are now from developing countries, the report said. Their dominance reflects explosive growth in the burning of coal and manufacturing cement, another big source of the heat-trapping gas.

This news is particularly depressing when we consider how tough it will be to maintain or generate any political leadership on this issue in the midst of the growing economic crisis.  Difficult to imagine an incoming President Obama, for example, making the reduction of carbon emissions a priority for the US in this bleak economic environment.  Hope I am wrong.

UPDATE: The Council on Foreign Relations’ blog has an interesting piece, with references to arguments on both sides, asking if “climate policy prospects will follow global markets south.”  Check it out.

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