While global carbon dioxide emissions fell by 5.8% in 2020 owing to Covid-19 lockdowns globally and therefore lower energy demand, Dutch multinational banking corporation ING says it is only a matter of time before they hit record highs again. International Energy Agency (IEA) estimates that energy-related carbon emissions will rise by 4.8%, or 1.5-billion tonnes, in 2021, which will be the largest increase in emissions since the Global Financing Crisis.
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