Energy

BP on how quickly global carbon emissions would need to fall to reach net zero by 2050

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People wearing face masks walk on the Bir-Hakeim Bridge near the Eiffel Tower in Paris, on March 27, 2020, on the 11th day of a lockdown in France aimed at curbing the spread of COVID-19 (novel coronavirus).

JOEL SAGET | AFP via Getty Images

The chief executive of energy giant BP said Wednesday that to get to net zero by 2050, the world would need to see lockdown-like reductions in carbon emissions every other year for the next 25 years.

In the London-based oil and gas giant’s annual Statistical Review of World Energy, the group said some aspects of global energy trends prior to the coronavirus pandemic had been “encouraging.”

It noted the continued strong growth of renewable energy, led…



Source cnbc.com

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