CO2 Emissions in 2022 Report published
- According to the CO2 Emissions in 2022 Report by the International Energy Agency released on March 2, 2023, global energy-related CO2 emissions increased by less than 1% in 2022. This is despite many countries shifting from natural gas to coal as an energy source. This was due to the increased use of clean energy technologies such as solar, wind, EVs, heat pumps, and energy efficiency, which helped to limit the impacts of coal and oil use amid the global energy crisis.
- The report highlights that this rise in emissions was significantly lower than the exceptional increase of over six per cent in 2021. It recommended stronger steps to accelerate the clean energy transition to achieve energy and climate goals.
- According to the report, emissions in China decreased in 2022 due to the COVID lockdown. In the European Union, emissions decreased by 2.5%. This was because, with Russia invading Ukraine, many countries stopped importing gas and oil from Russia and moved towards clean energy. In the US, emissions increased by 0.8%
- The emissions from the global industries decreased. The main reason behind the reduction was a 10% decrease in cement production and a 2% decrease in steel production
- The overall price of energy increased, fuel trade was disrupted, and inflation hit peaks. For these reasons, the overall emissions decreased
- Emissions due to natural gas decreased by 1.6%
- Though there was significant growth in renewable energy, the power sector was the major contributor to the emissions.
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Published date : 09 Mar 2023 06:08PM