China, the world’s largest emitter of CO2, failed to reduce emissions in 2020, as industrial activity picked up rapidly following Covid-19 lockdowns early in the year. It is the only country to see increased CO2 output for the year, with a rise of 0.8%, despite a 12% dip in February 2020. To shroud this in some speculation, the country’s Ministry of Ecology and Environment (MEE) published figures on Tuesday, which highlighted that China’s carbon intensity – relative to its GDP – had fallen by 18.8% in the past five years. Oil prices have continued to creep back up, after last week’s slight dip, with Brent crude rising to nearly $65 per barrel and WTI crude to nearly $62. This…