Today's KNOWLEDGE Share:Global Emissions
Today's KNOWLEDGE Share
The global energy crisis fueled fears of runaway growth in the world’s CO2 emissions – but new IEA analysis shows emissions rose by less than 1% in 2022 as a surge in clean energy offset most of the increase in emissions from coal & oil.
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The rise in global CO2 emissions in 2022 would have been nearly 3 times as high if it wasn't for the strong growth of solar, wind, EVs, heat pumps & energy efficiency. Together, they prevented 550 million tonnes of emissions.
CO2 emissions from coal grew by 1.6% in 2022, more than offsetting the decline in emissions from natural gas amid the energy crisis. Oil's emissions were up 2.5%, a sharper rise than coal's, mainly driven by the rebound in air travel. But they still remain below their 2019 high.
While rising emissions from fossil fuels undermine efforts to meet the world’s climate goals, many fossil fuel companies made record profits in 2022. Given their public pledges, it’s vital that they review their strategies to ensure they’re aligned with real emissions reductions.
The new @International Energy Agency report on CO2 emissions in 2022 is the first in our new series on the Global Energy Transitions Stocktake, which brings our latest analysis together in one place to support the first Global Stocktake in the lead-up to #COP28.
Source:IEA
And learn more about the Global Energy Transitions Stocktake: https://iea.li/3y2JHc3
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