The use of fossil fuels like coal and oil boosted global carbon dioxide emissions last year, according to new research from the International Energy Agency (IEA), but the effect was mitigated by a rise in green technology.
According to An IEA Press Release: emissions grew by 0.9% despite the growth of solar, wind, electric vehicles (EVs), and other clean technology helping to mitigate the effects of rising fossil fuel use during the global energy crisis.
The remarkable rise of renewables, electric vehicles (EVs), heat pumps, and energy-efficient technology is to blame for the fact that the effects of the energy crisis didn’t lead to the significant increase in global emissions that was previously expected. According to IEA Executive Director Fatih Birol, without clean energy, the growth in CO2 emissions would have been roughly three times as great.
According to Scientists, Burning Fossil Fuels Must Be Drastically Reduced in Order to Keep Global Warming Under Control.
Although last year’s increase in emissions was smaller than the 6% recorded the year before, the IEA reportCO2 Emissions in 2022made it abundantly obvious that greater measures would be required to hasten the transition to clean energy since the current trajectory of emissions growth was unsustainable.
The Global Energy Transitions Stocktake report is the first in a new series that will compile current IEA analyses and make it available for the inaugural Global Stocktake in the months leading up to the COP28 Climate Change Conference in November.
According to the research, global carbon dioxide emissions rose by 353.8 million tonnes last year, reaching a record-breaking high of more than 40.57 billion tonnes. With a 3.2% increase, global economic growth outpaced the increase in emissions.
According to the press release, the increase in emissions was a result of heat waves, droughts, and more nuclear power facilities being offline than usual. Nonetheless, the increased usage of clean energy technologies meant that 606 million tonnes of additional emissions were avoided, saving the environment.
Fossil fuel emissions are still increasing, which makes it more difficult to achieve global climate targets. Foreign and domestic fossil fuel firms must shoulder their fair share of responsibility in keeping with their public commitments to achieving climate goals as they generate historic levels of cash.
They Must Ensure that Their Strategies Are in Line with Significant Carbon Reductions, According to Birol, Who Stated as Much in The Press Release.
Last year, coal-related carbon dioxide emissions increased by 1.6 percent, which is significantly more than the decade-average growth rate. Oil-related carbon emissions increased by 2.5%, but they are still below pre-pandemic levels. Following the pandemic, air travel increased by 50% of this rise.
The IEA study includes statistics on nitrous oxide and methane emissions in addition to carbon dioxide emissions from all industrial processes and energy combustion in order to provide a complete picture of last year’s energy-related greenhouse gas emissions.