The world produced 37.41 billion tons of CO2 in 2024.
https://www.statista.com/statistics/276629/global-co2-emissions/
World GDP was 166 trillion in 2023.
However, in 2012 the world produced 34.38 billion tons of CO2 a year and had a global GDP of about 120 trillion.
So in the last 12 years the world has gained about 46 trillion in annual GDP and produced an extra 3 billion tons of CO2 a year.
By comparison, the world was at about 80 trillion GDP in 2000 and world CO2 production was 25 billion tons.
So global GDP going from 80 to 120 billion tons resulted in CO2 emissions growing by 10 billion tons a year, but global GDP growing from 120 to 166 trillion only resulted in CO2 emissions growing by 3 billion tons a year. So on the surface, it looks like economic growth and CO2 growth are decoupling. Then again, if most of that growth occurred in nations that are already developed, that may be a misleading statistic.
Renewables have dropped dramatically in price, and the vast majority of new energy installation is renewables. Storage is still an issue though, I’m not sure when that’ll be fixed.
But CO2 production is also going down in places like the US & UK. Production in the US peaked at 6 billion tons in 2007 and is down to about 5 billion tons now. Part of this is renewables, part of it is switching from coal fired plants to natural gas plants, which produce 1/2 the CO2 per unit of energy.
https://www.eia.gov/todayinenergy/images/2022.05.13/main.svg
My understanding is that the worlds PPM of CO2 is growing by about 2-3 PPM per year.
https://www.statista.com/statistics/1091926/atmospheric-concentration-of-co2-historic/
Its at 424 PPM in 2024. However I think half the world’s CO2 is absorbed by the ocean, acidifying it. So the real figure should be 4-6 PPM a year, but the ocean absorbs a lot.
However, even at that rate of growth that means by around 2060 the world would be at about 530 PPM in 2060. A lot of nations in the west as well as China want to be carbon neutral by 2060. So does that mean that world CO2 levels may peak at around ~500 PPM before starting to go down this century?
Some concerns is that advances in AI will require massive energy investments which could drive up CO2 production. Also a lot of Africa hasn’t industrialized yet. And many parts of Asia and latin america are caught in the middle income trap.
But I’m wondering if we are reaching a point where we can have GDP growth with far less CO2 growth, and due to advances in energy efficiency, renewables, etc that CO2 growth will stay stable at 2-3 PPM per year until it peaks and starts to go down mid century.