Oil company BP sees CO2 emissions rising to 2030

The Associated Press, London | Wed, 01/19/2011 9:05 PM | World

Oil company BP predicts that carbon emissions will continue rising for the next two decades although the rate of growth is expected to moderate.

BP's report on the world energy outlook, released Wednesday, also said oil consumption will continue to grow because of demand from newly industrialized countries, including China.

The report predicted that emissions would increase by 1.2 percent a year until 2030, lower than the 1.9 percent rate of the previous 20 years. It said that emissions from the OECD countries - the industrialized West - were expected to decline, but not enough to offset rising demand elsewhere.

BP believes oil will be the slowest growing fuel in years ahead, with faster increases in consumption of natural gas and biofuels.