According to our calculations, it’s definitely not – 928 million tons of CO2 have been released into the atmosphere as a consequence of Qatar’s massive $220 billion investment.
For this estimation, we haven’t taken into account tournament-related emissions such as air travel, accommodations, or stadium operations. Instead, we only looked into the wider investment the country has made over the past decade in order to prepare for the World Cup and the barrels of oil it needed to sell in order to pay for it. Based on the average price Qatar has charged for a barrel of crude over the past ten years, we calculated that it had to sell approximately 3 billion barrels in order to cover its huge expenditure.
Here are a few key takeaways from the report:
– To cover the $220 billion World Cup investment, Qatar had to sell 3 billion barrels of oil or 11% of its proven oil reserve.
– It took Qatar more than 4 years to produce the required quantity of oil
– The CO2 emissions associated with this production are equivalent to 201 million cars releasing CO2 for about 1 year
– This is also equivalent to the emissions produced by the international transport industry for almost 1 year.
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If you find these numbers interesting, you can look at the full report, where you can find more detailed information, as well as the methodology we used to make these calculations.
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