From: The Telegraph
By Andrew Critchlow, Commodities editor
In its Energy Outlook 2035, BP predicts that CO2 emissions will exceed levels which scientists says pose a threat to climate change unless coordinated action is taken
BP has warned that carbon dioxide emission levels from burning fossil fuels are unsustainable unless the international community unilaterally introduces tougher binding regulations on atmospheric pollution.
The stark warning from the UK’s second-largest oil company came with the publication on Tuesday of its closely-watched long-term outlook for global energy markets, which predicts that CO2 emissions will increase by 1pc per year, or 25pc in total, through to 2035.
This rise in pollution would be worse than the current rate, which scientists have said would have a negative effect on climate change. The United Nations is seeking to limit the increase of the average global surface temperature to no more than 2C, compared with pre-industrial levels, to avoid "dangerous" climate change, and will hold a major conference in Paris in December to agree on a firm system for restricting emissions.MORE