More Number of Chinese Banks Contributing Towards Carbon Dioxide Emissions
By Shubhendra Anand , 05 January, 2024
According to another survey, China produces around 31 percent of the carbon dioxide emissions of global fossil fuels in 2023. The country simultaneously holds the record for a more significant number of banks in the list of carbon dioxide-emitting banks globally for 2023. However, researchers cite that China's greenhouse emissions can go downward due to the increasing number of renewable energy installations in the county in 2023. Increased carbon emissions from the big banks worldwide are hurdles in transitioning to clean energy. Therefore, it is necessary to reduce carbon emissions to achieve net zero by 2050 as per the target.
Latest News
Oil consumption maintains a certain level, although oil prices are elevating at a standard rate in 2024. Organization of the Petroleum Exporting Countries (OPEC) suggests that global oil demand is expected to increase in the summer of 2024.
The…
The automotive industry follows different trends since the beginning of 2024. The automotive industry has experienced many issues in the past two years due to the insufficiency of raw materials and disruptions in the supply chain. However, the sector…
Globally, the clean energy transition is taking a new shape to transform the face of countries regarding sustainability. Countries worldwide aim to achieve this goal by the end of 2050. The green energy transition demands a lot of changes in the…
The green energy transition is achieving new heights with the interest of consumers. Clean energy transformation aims to reduce carbonization and other harmful environmental emissions by the end of 2050. Therefore, much research in this regard is…
The clean energy transition will gain momentum in different nations in 2024. The economies around the world are planning to transform their energy sector to adopt renewables. This is due to the goal of achieving clean energy by the end of 2050.
…
Head Research