Global CO2 emissions to grow less than 1% this year thanks to renewables- IEA

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Global CO2 emissions to grow less than 1% this year thanks to renewables- IEA
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Global carbon dioxide emissions from burning fossil fuels are expected to rise by just under 1% this year, as the expansion of renewables and electric vehicles outweighed coal demand, the International Energy Agency (IEA) said.

CO2 emissions are on course to increase by nearly 300 million tonnes to 33.8 billion tonnes this year, a far smaller rise than their jump of nearly 2 billion tonnes in 2021, the agency said in a report.

“The global energy crisis triggered by Russia’s invasion of Ukraine has prompted a scramble by many countries to use other energy sources to replace the natural gas supplies that Russia has withheld from the market," said IEA Executive Director Fatih Birol. The report said solar photovoltaic and wind were leading an increase in global renewable electricity generation of more than 700 terawatt-hours , the largest annual rise on record., this year. Without this increase, global CO2 emissions would have been more than 600 million tonnes higher this year.

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