According to the IEA, carbon emissions rose by less than initially anticipated in 2022, a development that the Agency puts down to a large increase in clean energy projects.
- Mar 08, 2023, 2:00 PM CST
The IEA believes an additional 550 million tonnes of emissions were avoided by the increased deployment of clean energy technologies.According to a recent International Energy Agency report, carbon emissions in 2022 rose by less than was feared, largely thanks to a multitude of new green energy projects worldwide. Carbon dioxide emissions worldwide increased by under 1 percent in 2022, or 321 million tonnes, lower than initially anticipated, the IEA.
Meanwhile, certain fossil fuels that many countries hoped to be moving away from saw increased use last year in response to the energy crisis. Carbon emissions from coal increased by 1.6 percent, as several countries across Asia used more coal, and states in Europe, such as the U.K., delayed the planned closure of several coal plants. The rise in coal emissions was offset by a 1.
At the beginning of 2022, the renewable energy pipeline looked bleak due to supply chain disruptions, trade policy uncertainty, inflation, and increasing interest rates. However, due to the Russia-Ukraine conflict, it quickly became evident that countries worldwide would have to accelerate their green energy investments and timelines to ensure greater energy security. In addition, supply chain disruptions eased throughout the year, supporting this momentum.
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