Only 57 companies are responsible for 80% of the world’s carbon dioxide emissions – Carbon Majors Database

Only 57 companies are responsible for 80% of global carbon dioxide emissions between 2016 and 2022. This is evidenced by the new report of the Carbon Majors Database, Engadget reports.

It is estimated that 38% of the total cases in this period were attributable to nation states, 37% to state-owned enterprises, and 25% to investor-owned companies.

“Last year was the hottest on record and the Earth is headed towards a global warming of 2.7 degrees, yet top fossil fuel and cement producers show a disregard for climate change and actively make things worse,” the media outlet writes.

The report also says that about 200 parties adopted the 2015 Paris Agreement and thereby committed themselves to reducing greenhouse gas emissions.

However, 58 of the 100 state-owned and investor-owned companies in the Carbon Majors database have increased their production in the years since. 87% of the assessed companies come from Asia, 57% from Europe, and 43% from North America.

According to the report, one of the three largest producers of carbon dioxide is the Indian company Coal India. Russia’s Gazprom and Saudi Arabia’s Saudi Aramco round out the top three offenders.