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Share Price: 481.20
Bid: 481.15
Ask: 481.30
Change: -6.95 (-1.42%)
Spread: 0.15 (0.031%)
Open: 491.60
High: 494.35
Low: 480.45
Prev. Close: 488.15
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UPDATE 1-Rise in global CO2 emissions from energy use slowed in 2015 -BP

Wed, 08th Jun 2016 14:10

(Adds emissions volume, chief executive comment)

By Nina Chestney

LONDON, June 8 (Reuters) - Carbon dioxide emissions fromenergy consumption grew by 0.1 percent last year in theirsmallest advance since 2009 due to lower coal use and sluggishgrowth, BP said on Wednesday in its annual energy review.

Last year's rise, which slowed from 0.5 percent in 2014,took global CO2 emissions from energy use to around 33.508billion tonnes, BP said in its annual Statistical Review ofWorld Energy.

"Last year saw a flattening of carbon emissions from energyconsumption. That's come about from slowing demand growth and ashift away from coal to natural gas and renewables in the energymix," Chief Executive Bob Dudley said on a webcast.

"But it is only a very small step in the right directiongiven the scale of the challenge (to reduce emissions)," hesaid.

Global primary energy consumption rose by 1 percent in 2015,below a 1.1 percent rise in 2014 and the 10-year annual averageof 1.9 percent, the review showed.

Coal consumption fell by 1.8 percent versus a 10-year annualaverage of 2.1 percent growth.

Coal's share of global primary energy consumption fell to29.2 percent, taking its lowest share since 2005.

Emissions growth was below average in every region exceptEurope and Eurasia, BP said.

Eurostat, the Statistical Office of the European Union,estimated last month that the EU's CO2 emissions from energy usein 2015 increased by 0.7 percent.

(Reporting by Nina Chestney; editing by Jason Neely)

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