Neither euphoria nor despair: understanding the fall and rise of global energy-related CO2 emissions

This study examines the drivers of both the previous decline in global energy-related CO2 emissions, and their subsequent growth in recent years (in the EU, US, India and China), and argues that this trend was in neither case a good indicator of climate policy effort or effectiveness. Global emissions are merely the outcome of the complex relationships between economic activity and energy demand, energy demand and energy supply, and energy supply and energy-related emissions. Climate policy must influence these relationships.