Annual global carbon dioxide emissions from fossil fuels could drop slightly in 2015, according to a report from the Global Carbon Project led by a Stanford University researcher. This surprising result contrasts with the rapid growth in emissions before 2014, underlining the need for action to stabilize and permanently lower global CO2 emissions, the researchers conclude.
"In 2014, global CO2 emissions from burning fossil fuels grew by just 0.6 percent," said lead author Rob Jackson, a professor of Earth system science at Stanford. "This year we expect total emissions to flatten or drop slightly, despite strong growth in gross domestic product worldwide."
While CO2 emissions have slowed during times of economic recession, this would be the first decline during a period of strong global economic growth, Jackson said.
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"Strong global economic growth". What planet does that guy live on? Emissions are a surprisingly good proxy of economic activity, but better yet are raw commodities like copper, iron ore, and oil. All of which have been crashing hard throughout this year. The Baltic Dry, the best indicator for global trade and shipping, has also, unsurprisingly, crashed.
So of course emissions are stalling--the entire global economy is hitting a brick wall as there's no more room for exponential growth, which is required to outpace the exponential debt boom, and thus that debt is now coming home to pay.
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