2020 emissions: precedent-setting or bucking the trend?

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.

Featured Image

Exhaust rises from the stacks of the Harrison Power Station in Haywood, West Virginia: Analysts estimate that energy-related CO2 emissions grew 3.4 percent from 2017 to 2018, which would be the largest increase in the United States since 2010.

2020-12-28 23:26:36

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.

This article is in our Archive

Login to read for free! Register to create an account