Based on preliminary data, we estimate that in 2022, US emissions decreased in the electric power sector, driven by a drop in coal generation and rise in renewable energy. But emissions increased in every other major sector. rhg.com/research/us-gr
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Rhodium Group is a leading independent research provider. We combine economic data analytics and policy insight to help clients understand global trends.
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What can we expect from EU-China relations in 2023? Rhodium's offered his thoughts on the podcast Brussels Sprouts
cnas.org/publications/p
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How strong is the Chinese economy? Rhodium's Logan Wright spoke with about risks arising from mounting stress in the financial sector
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Watch debate Fred Bergsten on the prospects for US-China cooperation on global economic issues
Starting soon: a debate between Rhodium's Dan Rosen and Fred Bergsten on the following question: Can China work with the US to provide cooperative global economic leadership?
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Can China can work with the US to provide cooperative global economic leadership? Watch debate Fred Bergsten on this question tomorrow at 930 ET
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LOGAN WRIGHT of + discusses the impact on credit domestically, and a financial sector struggling to stay afloat in difficult economic conditions. We're already seeing significant rising pressure on the smaller banks + financial sector
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"US greenhouse gas emissions nudged upward again in 2022, according to new analysis from Rhodium Group. This puts the US further off track from its climate goals, but the country now has a new suite of policy tools to curb emissions."
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Based on preliminary data, we estimate that in 2022, US emissions decreased in the electric power sector, driven by a drop in coal generation and rise in renewable energy, but emissions increased in every other major sector. rhg.com/research/us-gr
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"The new 2022 estimates put nationwide emissions back in line with their long-term trajectory after 2 years of Covid-related disruptions, said Rhodium's Ben King, calling it a 'long-term structural decline,' but one that’s 'not happening fast enough.'"
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"The emissions impacts of the IRA will depend a lot on how fast implementation takes off. Even w the IRA, we still need to do much more to reduce emissions 50% by 2030." - Rhodium's Alfredo Rivera on our new 2022 US emissions estimates and the path ahead
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U.S. greenhouse gas emissions rose 1.3 percent last year, according to a new report by . They need to be falling rapidly. w/
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We may start to see the effects of the recently-passed Inflation Reduction Act on reducing emissions as early as this year, but even with the IRA, more action on all fronts is needed to close the gap to the 2030 target. Read more in our new note:
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With the 1.3% increase in emissions, 2022 emissions were 15.5% below 2005 levels, meaning the US continues to fall behind in its efforts to meet the 2030 target of a 50-52% reduction.
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In the other major sectors, emissions increased—just slightly in industry and transportation, but a 6% uptick from buildings, due to heating during a colder-than-normal winter.
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Emissions decreased by 1% in the electric power sector, as coal generation decreased, and natural gas and renewable energy generation increased. For the first time in many decades, renewable energy surpassed coal generation.
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New: Based on preliminary economic activity and energy data, we estimate that US greenhouse gas emissions increased slightly in 2022, rising 1.3% from 2021 levels. rhg.com/research/us-gr
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New: Based on preliminary economic activity and energy data, we estimate that US greenhouse gas emissions increased slightly in 2022, rising 1.3% from 2021 levels.
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Is China Losing its Luster for Direct Investment? A new story from for looks at our recent "Cutting Through the Fog" note in trying to answer this important question
The note:
rhg.com/research/cutti
The story:
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What is going on with FDI into China? A new report from suggests the figures aren't what they seem. Story by
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An unprecedented expansion of credit has fuelled China's economy for decades. Now credit growth is under pressure, with major implications for the broader economic outlook. See our new note from Logan Wright - "The End of China's Magical Credit Machine"
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"I think people are going to look back & say, 'There was the way the energy markets worked before 2022 & there’s the way they worked after'"
Rhodium's John Larsen joins to recap energy & climate policy in 2022 and look ahead
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Will China's economy bounce back in 2023 thanks to the end of zero-COVID? We see a risk that unresolved structural problems & geopolitical headwinds constrain growth to as little as 0.5 percent next year. Our new note explains why:
rhg.com/research/now-f
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What does the end of zero-COVID mean for China's growth trajectory in 2023 and beyond? Our new note breaks down the GDP components and finds that a robust economic recovery is not is not on the horizon.
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Aviation is one of the most challenging sectors to decarbonize, with emissions continuing to grow. In a recent report, we provide an overview of sustainable aviation fuels, their promise as a key decarbonization tool & the hurdles to scaling up production. rhg.com/research/susta
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Our annually updated global emissions estimates cover every country, all 6 Kyoto greenhouse gases, and all sectors of the economy, including preliminary for 2021 and final for 1990-2020. Explore key country- and sector-level insights in our new note:
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Based on our new preliminary global emissions estimates for 2021, as countries began to recover from the worst of the pandemic, global emissions bounced back—rising 4.6% from 2020 levels. This gets close to pre-pandemic levels, following the 5% drop in 2020.
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Learn more about our new global emissions estimates, including preliminary for 2021 and final for 1990-2020, here:
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"Globally, emissions in 2021 were just shy of pre-pandemic levels: 49.5 gigatonnes vs 49.8 gigatonnes before. But in 4 of the biggest economies—Brazil, India, Russia & China—they were even higher than before."
Our new global emissions estimates in
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“At the end of the day, the Chinese state holds all the cards. Firms and their leadership have learned that pushing back too much on government demands can have severe consequences"
- Rhodium's tells the in this TikTok long read
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Our annually updated global emissions estimates cover every country, all 6 Kyoto greenhouse gases, and all sectors of the economy. In addition to preliminary estimates for 2021, we provide final estimates for 1990-2020. Learn more in our new note here:
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At the sector level, in 2020—the latest year for which there is sufficient data—industry remained the largest emitting sector, generating 31% of global emissions. The electric power sector contributed 28% of global emissions, the vast majority from coal combustion.
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In all of the top 8 emitters except for China, the 2021 rebound in emissions outpaced GDP growth, suggesting that the rebound was driven not only by economic recovery but also by an increase in the carbon intensity of those countries’ economies.
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At the country level, 2/3rds of emissions came from just 8 major economies—China, the US, EU, India, Russia, Brazil, and Japan. In 4 of these, CO2 emissions from fossil fuels rebounded to above pre-pandemic levels in 2021—Brazil, India, Russia, and China.
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New: Based on our new preliminary estimates for 2021, as countries began to recover from the worst of the pandemic, global emissions bounced back—rising 4.6% from 2020 levels. This gets close to pre-pandemic levels, following the 5% drop in 2020.
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We're hiring! We're seeking Research Analysts for our international energy & climate team, as well as a Communications Manager for our research on China's economy and global footprint.
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"Despite its growth, the [sustainable aviation fuels] industry needs stronger policy support & greater investment to meet decarbonization targets, according to a report from Rhodium Group."
talks w/ Rhodium's Eric O'Rear
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Our new note cuts through the fog of China's FDI data, assessing how foreign investment inflows have held up through nearly three years of COVID-19 and what the future looks like
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Rhodium's & have examined the scope of economic activity that would be at risk of disruption from a hypothetical blockade of Taiwan. See their note below:
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Aviation is one of the most challenging sectors to decarbonize, with emissions continuing to grow.
In a new report, we provide an overview of sustainable aviation fuels, their promise as a key decarbonization tool & the hurdles to scaling up production.
rhg.com/research/susta
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