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All the World’s Carbon Emissions in One Chart

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All the World’s Carbon Emissions in One Chart

Two degrees Celsius may not seem like much, but on our planet, it could be the difference between thriving life and a disastrous climate.

Over two centuries of burning fossil fuels have added up, and global decision-makers and business leaders are focusing in on carbon emissions as a key issue.

Emissions by Country

This week’s chart uses the most recent data from Global Carbon Atlas to demonstrate where most of the world’s CO₂ emissions come from, sorted by country.

RankCountryEmissions in 2017 (MtCO₂)% of Global Emissions
🌐 Rest of World10,02827.7%
#1🇨🇳 China9,83927.2%
#2🇺🇸 United States5,26914.6%
#3🇮🇳 India2,4676.8%
#4🇷🇺 Russia1,6934.7%
#5🇯🇵 Japan1,2053.3%
#6🇩🇪 Germany7992.2%
#7🇮🇷 Iran6721.9%
#8🇸🇦 Saudi Arabia6351.8%
#9🇰🇷 South Korea6161.7%
#10🇨🇦 Canada5731.6%
#11🇲🇽 Mexico4901.4%
#12🇮🇩 Indonesia4871.3%
#13🇧🇷 Brazil4761.3%
#14🇿🇦 South Africa4561.3%
#15🇹🇷 Turkey4481.2%
🌐 Top 1526,12572.2%

In terms of absolute emissions, the heavy hitters are immediately obvious. Large economies such as China, the United States, and India alone account for almost half the world’s emissions. Zoom out a little further, and it’s even clearer that just a handful of countries are responsible for the majority of emissions.

Of course, absolute emissions don’t tell the full story. The world is home to over 7.5 billion people, but they aren’t distributed evenly across the globe. How do these carbon emissions shake out on a per capita basis?

Here are the 20 countries with the highest emissions per capita:

Emissions per capita
Source: Global Carbon Atlas. Note: We’ve only included places with a population above one million, which excludes islands and areas such as Curaçao, Brunei, Luxembourg, Iceland, Greenland, and Bermuda.

Out of the original 30 countries in the main visualization, six countries show up again as top CO₂ emitters when adjusted for population count: Saudi Arabia, the United States, Canada, South Korea, Russia, and Germany.

The CO₂ Conundrum

We know that rapid urbanization and industrialization have had an impact on carbon emissions entering the atmosphere, but at what rate?

Climate data scientist Neil Kaye answers the question from a different perspective, by mapping what percentage of emissions have been created during your lifetime since the Industrial Revolution:

Your Age% of Total Global Emissions
15 years oldYou've been alive for more than 30% of emissions
30 years oldYou've been alive for more than 50% of emissions
85 years oldYou've been alive for more than 90% of emissions

Put another way, the running total of emissions is growing at an accelerating rate. This is best seen in the dramatic shortening between the time periods taken for 400 billion tonnes of CO₂ to enter the atmosphere:

  • First period: 217 years (1751 to 1967)
  • Second period: 23 years (1968 to 1990)
  • Third period: 16 years (1991 to 2006)
  • Fourth period: 11 years (2007 to 2018)

In order to be a decarbonised economy by 2050, we have to bend the (emissions) curve by 2020… Not only is it urgent and necessary, but actually we are very nicely on our way to achieving it.

Christiana Figueres, Convenor of Mission 2020

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Chart of the Week

Visualizing the Biggest Risks to the Global Economy in 2020

The Global Risk Report 2020 paints an unprecedented risk landscape for 2020—one dominated by climate change and other environmental concerns.

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Top Risks in 2020: Dominated by Environmental Factors

Environmental concerns are a frequent talking point drawn upon by politicians and scientists alike, and for good reason. Irrespective of economic or social status, climate change has the potential to affect us all.

While public urgency surrounding climate action has been growing, it can be difficult to comprehend the potential extent of economic disruption that environmental risks pose.

Front and Center

Today’s chart uses data from the World Economic Forum’s annual Global Risks Report, which surveyed 800 leaders from business, government, and non-profits to showcase the most prominent economic risks the world faces.

According to the data in the report, here are the top five risks to the global economy, in terms of their likelihood and potential impact:

Top Global Risks (by "Likelihood") Top Global Risks (by "Impact")
#1Extreme weather#1Climate action failure
#2Climate action failure#2Weapons of mass destruction
#3Natural disasters#3Biodiversity loss
#4Biodiversity loss#4Extreme weather
#5Humanmade environmental disasters#5Water crises

With more emphasis being placed on environmental risks, how much do we need to worry?

According to the World Economic Forum, more than we can imagine. The report asserts that, among many other things, natural disasters are becoming more intense and more frequent.

While it can be difficult to extrapolate precisely how environmental risks could cascade into trouble for the global economy and financial system, here are some interesting examples of how they are already affecting institutional investors and the insurance industry.

The Stranded Assets Dilemma

If the world is to stick to its 2°C global warming threshold, as outlined in the Paris Agreement, a significant amount of oil, gas, and coal reserves would need to be left untouched. These assets would become “stranded”, forfeiting roughly $1-4 trillion from the world economy.

Growing awareness of this risk has led to a change in sentiment. Many institutional investors have become wary of their portfolio exposures, and in some cases, have begun divesting from the sector entirely.

The financial case for fossil fuel divestment is strong. Fossil fuel companies once led the economy and world stock markets. They now lag.

– Institute for Energy Economics and Financial Analysis

The last couple of years have been a game-changer for the industry’s future prospects. For example, 2018 was a milestone year in fossil fuel divestment:

  • Nearly 1,000 institutional investors representing $6.24 trillion in assets have pledged to divest from fossil fuels, up from just $52 billion four years ago;
  • Ireland became the first country to commit to fossil fuel divestment. At the time of announcement, its sovereign development fund had $10.4 billion in assets;
  • New York City became the largest (but not the first) city to commit to fossil fuel divestment. Its pension funds, totaling $189 billion at the time of announcement, aim to divest over a 5-year period.

A Tough Road Ahead

In a recent survey, actuaries ranked climate change as their top risk for 2019, ahead of damages from cyberattacks, financial instability, and terrorism—drawing strong parallels with the results of this year’s Global Risk Report.

These growing concerns are well-founded. 2017 was the costliest year on record for natural disasters, with $344 billion in global economic losses. This daunting figure translated to a record year for insured losses, totalling $140 billion.

Although insured losses over 2019 have fallen back in line with the average over the past 10 years, Munich RE believes that long-term environmental effects are already being felt:

  • Recent studies have shown that over the long term, the environmental conditions for bushfires in Australia have become more favorable;
  • Despite a decrease in U.S. wildfire losses compared to previous years, there is a rising long-term trend for forest area burned in the U.S.;
  • An increase in hailstorms, as a result of climate change, has been shown to contribute to growing losses across the globe.

The Ball Is In Our Court

It’s clear that the environmental issues we face are beginning to have a larger real impact. Despite growing awareness and preliminary actions such as fossil fuel divestment, the Global Risk Report stresses that there is much more work to be done to mitigate risks.

How companies and governments choose to respond over the next decade will be a focal point of many discussions to come.

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Chart of the Week

The Sum of Its Parts: The Smartphone Multiplier Market

Every day, 3.3 billion people rely on their smartphones to stay connected. The products and services enabling this—the smartphone multiplier market—is now worth $459 billion.

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The Sum of Its Parts: The Smartphone Multiplier Market

There’s a 60% chance you’re reading this article on a smartphone right now—a testament to how ubiquitous these devices have truly become in our lives.

We rely on smartphones every waking minute to stay connected. However, the various products and services—also known as the smartphone multiplier market—that allow us to use these devices in the first place can often be an afterthought.

Today’s chart uses data from Deloitte Insights to show just how sizable this ecosystem is becoming, and why it’s heating up as a battleground for big technology companies such as Apple, Alphabet, and Amazon.

The Smartphone Plateau

There are over 3.3 billion smartphone users in the world today.

The smartphone economy—estimated to pull in $944 billion in total revenue in 2020—is so massive that it rivals the GDP of countries like Indonesia and the Netherlands.

At the moment, the smartphones themselves contribute over half the market value. Despite the continued hype surrounding the release of new models, global unit shipments of smartphone devices appears to have reached a saturation point:

Smartphone Sales

There are two theories as to why shipments are leveling off. First, product innovation is more iterative today than in the past, which means there are fewer groundbreaking features to entice consumers into purchasing new devices. A second factor is that people are simply holding onto their devices for longer than in the past.

As device sales plateau, tech giants are diversifying efforts to find new ways to lure customers back in—and another related market is growing more lucrative as a result.

What is a “Smartphone Multiplier”?

When people think of the smartphone market, hardware likely springs to mind first, but an equally important part of the equation is the plethora of apps, services, accessories, and complementary devices that help us connect with the digital world.

The ecosystem of these products and services are known as smartphone multipliers. According to Deloitte, this ecosystem will drive $459 billion of revenues in 2020, an impressive 15% increase from the prior year.

The market can be broken down into three main categories:

CategoryMarket Value (2020e)Sub-categories
Content$312B
(68% of total)
$176B: Mobile ads
$118B: Apps
$10B: Music
$8B: Video
Hardware$111B
(24% of total)
$77B: Accessories
$25B: Wearables
$9B: Smart speakers
Services$37B
(8% of total)
$18B: Insurance
$12B: Repairs
$4B: Others
$3B: Storage

Largely driven by mobile advertising and app sales, content is by far the largest subcategory, accounting for 68% of revenues:

  • Mobile advertising surpassed TV as the largest advertising channel in 2019, partially thanks to the relentless growth of online video and social media, making ads virtually unavoidable on a smartphone.
  • Gaming apps are benefiting from the immense processing power of today’s smartphones—and will bring in over two-thirds of total app revenue in 2020. Apple’s app store brought in approximately $1.8 billion in sales between Christmas Eve and New Year’s Day alone.
    • If you’ve ever owned a pair of headphones or a powerbank, it’s easy to understand why accessories are the third-largest subcategory in the smartphone multiplier market. With more people ditching the cable for wireless headphones, this subcategory is also set to grow even more.

      The Next $1T Economy?

      In the U.S., 73% of adults go online several times a day or almost constantly, which makes it clear that they aren’t going to give up their smartphones anytime soon.

      As a result, smartphone multipliers will continue to evolve and flourish, presenting a unique opportunity for investors and businesses.

      Altogether, it’s expected that the smartphone multiplier market will grow between 5 and 10% annually through 2023, likely propelling the entire smartphone economy past the $1 trillion benchmark in the coming years.

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