Fluctuations in global economic activity are clearly imprinted on the carbon emissions timeseries.
It is interesting to see the delay between major events and the consequent troughs in the annual rate of change. The second oil shock and the 1987 stock market crash both took five years to produce the maximum dip in the rate of slowing in annual emissions. It seems likely that the 2007-2008 market crashes and GFC will cause another minimum in the % rate of annual change – a few years in the future – and it could well be off the bottom of this chart.
This article in the UK Telegraph says; “Carbon dioxide emissions ‘cut by recession'”
Global greenhouse gas emissions will be 9 per cent below what they were expected to be in 2012 as a result of the recession, researchers said today.
Data from CDIAC, and for recent years, this Netherlands site