Business as usual Melting poles offer new ressources Over the longer term, the pace of oil demand growth is expect to ease slightly, to 1% pa during 2020-2030 from 1.2% pa in 2010-2020. Again, much of this demand growth will be led by the emerging markets, with China’s role in the world economy – overtaking the US in terms of GDP on a PPP basis after 2020 and becoming the second largest oil consumer by 2030 – meaning that demand for primary fuel sources will continue to climb. PPP=Polluter Pays Principle is a principle in international environmental law where the polluting party pays for the damage done to the natural environment Each round of intergovernmental talks on cutting emissions and compensating victims seems to achieve less than the one before. Meanwhile, according to a new study of 33 countries for GLOBE, a group of legislators from round the world, the number of new domestic environmental laws rose from ten a year in the early 2000s to 20 in 2012. 31 of the 33 countries now have a basic greenery law. South Korea passed legislation setting up an emissions-trading scheme in 2015. Japan introduced a carbon tax and a new law to encourage denser, more energy-efficient cities.
„IF WE CAN‘T GET A GLOBAL DEAL ON AIRLINE EMISSIONS, HOW LIKELY IS A GLOBAL DEAL ON CARBON EMISSIONS IN GENERAL?“. The Economist, Jan 28th 2013, N.B. | WASHINGTON, D.C
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