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🗞️ Driving the news: The Chinese Academy of Sciences released its 2024 Report on Consumption-based Carbon Emissions, urging a more comprehensive global carbon accounting system that includes both production and consumption emissions
• The report highlights significant discrepancies between consumption and production-based emissions, especially between developed and developing countries

🔭 The context: The report examines data from 1990 to 2019, revealing that developed countries often have higher consumption-based emissions, while developing countries show higher production-based emissions
• This analysis underscores the importance of a more equitable global carbon reduction responsibility framework

🌍 Why it matters for the planet: Accounting for consumption-based emissions is critical for a fair distribution of global carbon reduction responsibilities, promoting justice and efficiency in tackling climate change
• It highlights the need for improved methodologies and data quality to better understand and manage carbon footprints

⏭️ What's next: The report calls for enhanced international cooperation and a refined scientific approach to carbon accounting
• Future efforts should focus on expanding product coverage and developing integrated "top-down" and "bottom-up" systems to ensure accurate and fair carbon accounting

💬 One quote: "International trade has had a great impact on carbon emissions of developing countries," said Wei Wei, vice-president of the Shanghai Advanced Research Institute

📈 One stat: The gap between production and consumption-based emissions in non-OECD countries widened from 1.47 billion metric tons in 1990 to 4.17 billion tons in 2019

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