Only 36 companies represent half of the world's emissions, report estimates

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According to a report by the Carbon Majors database, more than half of the world's greenhouse gas emissions in 2023 can be linked to 36 producers of fossil and cement fuels.

The climate watchdog revealed that the emissions of the largest producers of oil, gas, coal and cement in the world increased in 2023, public companies constituting 16 of the 20 best issuers.

The five main state transmitters – Saudie Aramco, Coal India, Chn Energy, National Iranian Oil Company and Jinneng Group – represented nearly a fifth of all world shows in 2023.

The first five transmitters belonging to investors – Exxonmobil, Chevron, Shell, Totalengies and BP – represented 5% of emissions.

Emmett to know, Senior Analyst at Carbon Majors, said that many cases of climate responsibility in the world were brought against companies belonging to investors.

“For public enterprises, it is not as if Western governments can continue them for their emissions because they directly control the nation states,” said knowing.

The group's report arrives while Backpedal countries on their climate commitments and oil and gas producers double on fossil fuels almost 10 years after the Paris climate agreement.

The results of the report are based on a database which retraces the emissions of the production and combustion of products of 180 of the largest producers of oil, gas, coal and cement from 1854 to 2023.

Organization data has been used by activists in dispute against producers of fossil fuels and have helped shape climate legislation.

Vermont, which has become the first American state to charge for oil companies for climate change damages, used data from the Major carbon database in its “Climate Superfund” law.

Despite the enormous increase in renewable energies in China in the past year, its companies have always contributed to the emissions that any other country in 2023.

The group also noted that eight Chinese companies were responsible for 17% of world emissions in 2023, largely due to the continuous expansion of coal, which is the greatest source of emissions.

Although emissions from coal and cement producers increased in 2023, natural gas emissions have decreased by almost 4% while emissions from oil companies have remained stable.

The emissions have increased the most in Australia, Asia and North America, increasing 11%, 6%and 3%respectively.