Exposing the Climate Giants: The Impact of Carbon Majors on Global Emissions



Pollution emitter. Photo by Marcin Jozwiak on Unsplash

Carbon Majors: 57 fossil fuel and cement producers linked to 80% of global fossil CO2 emissions since the Paris Agreement

The Carbon Majors Database: Launch Report, a new comprehensive analysis conducted by InfluenceMap sheds light on the substantial impact that a small group of carbon-producing entities has on global CO2 emissions. This enlightening study traces back to 1854, identifying 117 producers responsible for a staggering 88% of global CO2 emissions from fossil fuels and cement between 2016 and 2022. This revelation comes post-Paris Agreement, underscoring the paradox of increased fossil fuel production amidst global pledges for emission reduction.

The Carbon Majors Database

The Carbon Majors Database, initially developed by Richard Heede of the Climate Accountability Institute and now hosted by InfluenceMap, offers an astonishing look into the historical emissions of the world’s largest oil, gas, coal, and cement producers. By categorizing these entities into investor-owned, state-owned, and nation-states, the database highlights the disproportionate role these entities play in driving global CO2 emissions.



Top 10 entities global fossil CO2 emitters historically (1854–2022) and since Paris Agreement (2016–2022). Source: The Carbon Majors Database Launch Report, April 2024 by InfluenceMap.

The database reveals that 57 corporate and state entities linked to fossil fuel and cement production are responsible for 80% of the global emissions from 2016 through 2022. This period, notably after the Paris Agreement, has seen most fossil fuel companies ramp up their production, indicating a glaring misalignment with global climate goals.

The analysis underscores a troubling trend: the majority of fossil fuel companies have increased their production post-Paris Agreement, with a notable rise in emissions from Asian and Middle Eastern producers. This contradicts the global consensus on reducing fossil fuel dependence to mitigate climate change impacts.

Accountability and Climate Change

The report’s findings have implications in legal, regulatory, and academic contexts, offering a basis for holding fossil fuel producers accountable for their climate-related impacts. It emphasizes the need for corporate entities to align their operations with climate science and contribute to global emission reduction efforts.

A key insight from the report is the shift in coal production from investor-owned to state-owned entities, contributing to an increase in global coal consumption. This shift poses challenges to global emission reduction efforts, highlighting the need for comprehensive policies to address state-owned entities’ roles in coal production.

The report provides a granular look at emissions trends across different regions, with Asia and the Middle East experiencing significant increases in fossil fuel production and emissions. Conversely, North America and Europe show a more moderate trend, reflecting diverse global approaches to energy production and climate policy.

Final Thoughts

The Carbon Majors Report is a clarion call for immediate action against the entities most responsible for the climate crisis. There is an urgent need for global cooperation to halt the expansion of fossil fuel production and ensure a just transition to renewable energy sources. It underscores the imperative of global cooperation and corporate accountability in the pursuit of a sustainable future, emphasizing the role of data-driven analysis in informing policy and advocacy efforts.


Source: The Carbon Majors Database Launch Report, April 2024 by InfluenceMap.

Exploring Key Historical Climate Change Milestones

With Davos starting up next week and COP28 wrapping up last month, we were curious to learn about significant climate change milestones, how our planet’s climate has evolved, and the lessons we can learn from this data.

Onset of Industrialization and its Impact

The Industrial Revolution marked a significant shift in climate change history. During the late 18th century, the widespread adoption of fossil fuels led to a notable increase in carbon dioxide (CO2) emissions, a key contributor to global warming. This period laid the foundation for the anthropogenic effects on climate that we witness today.

Discovery of the Greenhouse Effect

In the 19th century, scientists like John Tyndall and Svante Arrhenius began to unravel the role of greenhouse gases in regulating Earth’s temperature. This early research was pivotal in understanding how human activities could influence the climate through the emission of gases like CO2 and methane.

The Keeling Curve: A Turning Point

The Keeling Curve, a scientific project started by Charles David Keeling in 1958, provided the first clear evidence of rapidly increasing CO2 levels in the Earth’s atmosphere. It is a daily record of global atmospheric carbon dioxide concentration maintained by Scripps Institution of Oceanography at UC San Diego.

Intergovernmental Panel on Climate Change (IPCC)

Established in 1988 by the World Meteorological Organization (WMO) and the United Nations Environment Programme (UNEP), the IPCC plays a crucial role in assessing the science related to climate change. The panel provides scientific reports, key resources for governments and policymakers worldwide to help them understand climate change’s impacts and potential future risks, as well as strategies for adaptation and mitigation.

The inception of UN Climate Conferences (COP)

A landmark event in the history of global climate change initiatives was the inception of the United Nations Climate Change Conferences, commonly known as the Conference of the Parties (COP). The first COP meeting took place in 1995 in Berlin, Germany. The conference was convened in response to growing international concern over the alarming evidence of climate change and its potentially catastrophic impacts on the environment and human societies. The objective of these conferences was to review the implementation of the United Nations Framework Convention on Climate Change (UNFCCC), a treaty signed in 1992 by 154 nations at the Earth Summit in Rio de Janeiro. It aimed to combat dangerous human interference with the climate system. COP meetings have since become a central forum for nations to negotiate and assess progress in dealing with climate change.

World Economic Forum’s Engagement with Climate Change

The World Economic Forum (WEF) has played a pivotal role in bringing climate change to the forefront of global economic discussions. Initially focused on economic and business issues since its inception in 1971, the WEF began integrating environmental concerns, including climate change, into its agenda in the early 2000s. This integration marked a significant shift, recognizing the interdependence of economic development and environmental sustainability. The annual WEF meetings in Davos have since evolved to include a focus on climate change, sustainability, and green economic policies, bringing together leaders from various sectors to discuss and develop strategies to address these issues.

Global Climate Agreements and Policies

In response to growing evidence of climate change, international treaties like the Kyoto Protocol (1997) and the Paris Agreement (2015) were established. These agreements represent significant global efforts to reduce greenhouse gas emissions and mitigate climate change effects.

Grassroots Movements and Public Awareness

The rise of grassroots movements in the 21st century has been pivotal in driving public awareness and action on climate change. Notable examples include the “Fridays for Future” movement, inspired by activist Greta Thunberg, which mobilized millions of young people globally to demand climate action. These movements have been instrumental in pushing for urgent policy changes and raising awareness about the climate crisis at the community and global levels.

The Role of the Private Sector and Green Technology

The private sector’s shift towards sustainability and green technology represents a significant movement in addressing climate change. Companies around the world are increasingly adopting sustainable practices, investing in renewable energy, and innovating in green technology. This shift is not only a response to regulatory demands and environmental concerns but also a recognition of the economic opportunities in a low-carbon future.

Recent Trends and Extreme Weather Events

Last year, 2023, was confirmed to be warmest years on record, as confirmed by NASA and NOAA. Alongside rising temperatures, an increase in extreme weather events – such as hurricanes, droughts, and wildfires – has been observed, further indicating a changing climate.

2030 Agenda for Sustainable Development

Adopted by all United Nations Member States in 2015, the 2030 Agenda for Sustainable Development provides a shared blueprint for peace and prosperity for people and the planet. It includes 17 Sustainable Development Goals (SDGs), including climate action (Goal 13), afforable and clean energy (Goal 7), and responsible consumption and production (Goal 12). This agenda highlights the interconnected nature of social, economic, and environmental sustainability.

Historical climate change data is a window into the Earth’s climatic past and a guide for our future actions. It underscores the urgent need for informed policy decisions and collective action in addressing the challenges posed by climate change. Understanding and learning from our climate history remain an urgent priority in our journey towards a sustainable future.

Pockets of collaboration offer hope for tackling global challenges

United Nations Headquarters. Flags of member nations flying at United Nations Headquarters. Dec. 30, 2005. Joao Araujo Pinto.
United Nations Headquarters. Flags of member nations flying at United Nations Headquarters. Dec. 30, 2005. Joao Araujo Pinto.

By Børge Brende, President, World Economic Forum (Public License).

World leaders are gathering in New York for the opening of the 77th session of the UN General Assembly and to discuss the major issues of the day. The list of agenda items is long.

The war in Ukraine continues to rage, energy markets are unstable, global temperatures are rising, and the COVID-19 pandemic lingers as other public health concerns emerge. Meanwhile, inflation has proved to be ubiquitous, burdening consumers, businesses, and governments worldwide.

To address these challenges, global leaders will likely stress the need for strengthening cooperation within, what the UN Secretary-General has called, today’s “fractured world”. The question is: at a time when fragmentation appears to be increasing, what can global cooperation, practically, look like?

Thankfully, we have examples. Because despite challenging headwinds, there are instances—pockets—of collaboration that are not only promising but offer insight into what makes cooperation possible, and even durable.

Fruitful collaboration tends to be characterised by three factors: the need is urgent, the area for collaboration is specific, and the benefits are clear.

Climate action is perhaps the most salient example of each of these.

The urgency of addressing global warming is undeniable. Climate change is increasingly wreaking havoc worldwide, causing immense economic and human suffering. The devastating flooding in Pakistan is the latest example of lives being lost due to more intense weather patterns. This is why the UN raised the alarm earlier this year, stating in its latest climate report that the time for action to avoid catastrophic global warming is “now or never.”

As a result of the urgency, there are specific actions needed. World leaders have developed benchmarks that, if achieved in time, could mitigate the negative effects of climate change. This includes efforts to cut global greenhouse gas emissions by 45% by 2030 and hit net-zero emissions by 2050. Such a reduction, experts hope, could limit global warming to below 1.5 degrees Celsius compared to pre-industrial levels. So far, over 70 countries, which account for 76% of global emissions, have created timelines for reaching net-zero.

And the benefits of collaborating on climate change are clear. We know the effects of a warming planet respect no border, so reaching our climate objectives can only happen when parties work together. Moreover, the transition to green energy systems—key to combatting climate change—is expected to generate over 10 million global jobs this decade.

All this is why 196 parties came together in 2015 to adopt the Paris Agreement and agreed last year at the UN Climate Conference in Glasgow (COP26) to increase carbon-cutting commitments.

Climate action also offers evidence that countries can compartmentalise and prioritise collaboration on a specific issue, despite disagreements elsewhere.

The United States and China, for instance, have shown a willingness to coordinate. Last year at COP26, the two countries issued a joint declaration that articulated the “seriousness and urgency of the climate crisis” and outlined areas in which both sides would take cooperative action.

More recently, at the World Economic Forum’s May 2022 Annual Meeting in Davos, US and Chinese climate envoys reaffirmed climate cooperation between their two countries. To be sure, this collaboration has hit road bumps, with talks recently suspended. But US Special Presidential Envoy for Climate John Kerry has expressed hope they would resume because climate action “is the one area that should not be subject to interruption because of other issues that do affect us.”

It is also worth remembering that even during the Cold War, the United States and the Soviet Union coordinated environmental protection policies, specifically on guidelines around air and water pollution, environmental preservation and general mechanisms for tracking the changing climate.

Importantly, we do not need to wait on the side-lines for these three elements—urgency, specificity, and beneficial outcomes—to appear on their own. Instead, from tackling the COVID-19 pandemic to bolstering the global economy to unlocking the benefits of new technology, leaders can build momentum toward cooperation by identifying and advancing each of these elements.

There is one other factor that makes cooperation promising when it takes place. That is, inclusivity.

Partnerships between businesses, governments, and civic organizations are helping advance important efforts in battling climate change. Over 7,000 companies, 1,000 educational institutions and 1,000 cities have joined the UN-backed Race to Zero campaign to cut global emissions by 50% by 2030, which the World Economic Forum is helping advance. This type of widespread collaboration not only makes positive outcomes more likely but serves as a binding force among parties that improves durability.

Tackling the world’s challenges is no easy task. This is why we must remain on the lookout for early signs of where collaboration is possible—and shape the context so that it then becomes likely. The stakes are simply too high to allow disagreements elsewhere to hamstring progress around crucial issues.