Currents - Energy Industry Insights: Issue 36, September 2020

Corona-Induced CO2 Emission Reductions are Not Yet Detectable in the Atmosphere -

"Based on current data measured in the energy, industry, and mobility sectors, restrictions of social life during the corona pandemic can be predicted to lead to a reduction of worldwide carbon dioxide emissions by up to eight percent in 2020."

Why this is important: The global economic shutdowns and socially distant summer (is this a hashtag?) may have had less of an impact on greenhouse gas emissions than you would think. According to one climate group, cumulative reductions of the same magnitude would be required every year to reach the goals of the Paris Climate Agreement by 2030, i.e. 16 percent in 2021, 24 percent in 2022, etc...

Please see full Newsletter below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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