Global CO2 Emissions From Energy Hit New High: EIA

by | Mar 2, 2024 | Environmental News, Research Updates

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Global CO2 emissions from energy soared to a new peak in the previous year as per the International Energy Agency (IEA). This happened due to heightened fossil fuel utilization in nations where droughts disrupted hydropower output.

The IEA emphasized the imperative need for substantial reductions in CO2 emissions, predominantly stemming from fossil fuel combustion, in the forthcoming years to align with the set targets for constraining a worldwide temperature escalation and forestalling unchecked climate shifts, a stance backed by scientific consensus.

Global CO2 Emissions from energy

The IEA’s analysis delineated that global emissions from energy mounted by 410 million tonnes. It’s equivalent to a 1.1% increment in 2023, culminating in a total of 37.4 billion tonnes.

Despite a 1.3% emissions growth in 2022, a universal proliferation of eco-friendly technologies such as wind power, solar energy, and electric vehicles somewhat mitigated the surge.

Nevertheless, the resumption of economic activities in China, augmented fossil fuel consumption in nations grappling with diminished hydropower capacity, and a revival in the aviation sector collectively spurred the overall escalation.

The restoration of lost hydropower generation in response to extreme drought conditions was singled out as a pivotal factor, accounting for approximately 40% of the emissions upsurge, equivalent to 170 million tonnes of CO2. Absent this influence, the IEA underscored that emissions from the global electricity sector would have witnessed a downturn in 2023.

Regional Disparities In Emissions Trends

While energy-related emissions in the United States witnessed a notable decline of 4.1%, predominantly attributable to reductions in the electricity sector, the European Union experienced a substantial drop of nearly 9%, driven by a surge in renewable energy production and a decline in both coal and gas power generation.

Conversely, China, amidst its post-COVID-19 recovery phase, observed a 5.2% surge in energy-related emissions fueled by heightened energy demands post-lockdowns. Nonetheless, China also emerged as a frontrunner in clean energy adoption, contributing around 60% of the global installations of solar and wind power as well as electric vehicles in 2023.

Globally, electric vehicles represented one-fifth of all new car sales, totaling 14 million units in 2023, marking a substantial 35% increase compared to 2022 levels.

In conclusion, the IEA report underscores the pressing need for concerted global efforts to curtail CO2 emissions, particularly through accelerated adoption of clean energy technologies and rigorous policy measures aimed at decarbonizing the energy sector to mitigate the looming climate crisis.

Global CO2 emissions from energy reaching a new height is like a wake-up call for everyone. So, nations should take action to tackle this issue.

Also Read: EPA Excluded Existing Natural Gas Power Plants From Proposed Carbon Rule

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