Fitch: Decarbonization of global economy still far too slow
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NewsTranscript
00:00Fitch Ratings reported the global decarbonization is progressing too slowly, with developed
00:06economies improving, while emerging markets have not made significant reductions.
00:11According to the report, global CO2 emissions increased by 1.8 percent last year, while
00:17the world's gross domestic product, or GDP, grew by 2.9 percent.
00:22Moreover, Fitch said, the slow decarbonization in emerging markets is alarming, especially
00:28considering their rapid GDP growth and increasing share of global energy consumption.