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Only 36 companies account for half of global emissions, report estimates

State-owned companies made up 16 of the top 20 emitters in 2023

More than half of the world’s greenhouse gas emissions in 2023 can be linked to just 36 fossil fuel and cement producers, according to a report from the Carbon Majors database. 

The climate watchdog found that emissions from the world’s largest oil, gas, coal and cement producers increased in 2023, with state-owned companies making up 16 of the top 20 emitters.

The top five state-owned emitters — Saudi Aramco, Coal India, CHN Energy, National Iranian Oil Company and Jinneng Group — accounted for nearly a fifth of all global emissions in 2023.

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