Insider Monkey
20 Most Carbon Productive Companies in the World
Meerub Anjum
11 min read

In This Article:

In this article, we will look into the 20 most carbon-productive companies in the world. If you want to skip our detailed analysis, you can go directly to the 5 Most Carbon Productive Companies in the World.

Global Carbon Emissions Outlook

According to a report by the International Energy Agency, global carbon dioxide emissions increased 0.9% in 2022 and reached 36.8 billion tonnes. Globally, the emissions trajectory presented various paths. European Union's emissions declined by 2.5% in 2022, whereas the United States witnessed an increase of 0.8% in its emissions. Emissions in Asia's emerging and developing countries, except China, surged by 4.2% in 2022. Fossil fuels remained the major factor contributing to global GHG emissions. Coal alone reached record-high emissions of 15.5 giga-tonnes. Oil and gas rose to 2.5% and 1.8% respectively in 2022. Overall, global carbon emissions were still less than expected, compared to an over 6% rise in 2021. This can be attributed to the rise in the use of electric vehicles and energy-efficient alternatives, signifying the role of the companies in global GHG emissions. Clean energy deployment globally resulted in dodging an additional 550 million tonnes of emissions.

Executive Director IEA, Fatih Birol, highlighted the importance of companies working toward cutting down their emissions, he said:

“The impacts of the energy crisis didn’t result in the major increase in global emissions that was initially feared – and this is thanks to the outstanding growth of renewables, EVs, heat pumps and energy efficient technologies. Without clean energy, the growth in CO2 emissions would have been nearly three times as high. However, we still see emissions growing from fossil fuels, hindering efforts to meet the world’s climate targets. International and national fossil fuel companies are making record revenues and need to take their share of responsibility, in line with their public pledges to meet climate goals. It’s critical that they review their strategies to make sure they’re aligned with meaningful emissions reductions.”

The growing emissions demand innovative and sustainable measures by major economies. The European Union stands at the forefront of the positive change. On January 17, Reuters reported that the EU aims to capture and store up to 450 million tonnes of carbon dioxide annually by 2050, to reach its net-zero goals. The draft plan focuses on the cement and chemical sectors in the region. The captured CO2 would be used in industrial processes. This transition will require the companies in Europe to transform their production methods and shift toward green energy.

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