News: Recently, The Global Carbon Budget 2025 was released by the Global Carbon Project (GCP).
About Global Carbon Budget 2025
- The Global Carbon Budget 2025, released by the Global Carbon Project (GCP) provides the world’s most comprehensive annual assessment of carbon sources, sinks, and emission trends.
- Global fossil CO₂ emissions are projected to increase modestly in 2025, reaching a record ~38.1 billion tonnes.
- Total global CO₂ emissions (including land-use change such as deforestation) are expected to remain largely flat at ~42 billion tonnes, due to a decline in emissions from land-use changes.
India-Specific Findings
- Sharp slowdown in emissions growth: India’s fossil-fuel CO₂ emissions are estimated to rise by only 1.4% in 2025, a steep drop from the 4% growth in 2024, and among the lowest annual increases in recent years.
- Coal demand growth significantly moderated: Favourable early monsoon conditions reduced cooling needs during peak summer, while strong expansion of renewable energy slowed coal consumption—the dominant source of India’s emissions.
- Electricity-sector emissions showed the first half-year decline: Independent CRE A/Carbon Brief analysis (cited in the GCP report context) noted that India’s power-sector CO₂ emissions fell year-on-year in the first half of 2025 due to lower cooling demand and stronger renewable penetration.
- Decadal emissions growth rate continuing to fall: India’s average annual emissions growth dropped to 3.6% during 2015–2024, compared to 6.4% in 2005–2014, indicating structural improvements in carbon intensity and a scaling effect from a larger economic base.
