Global energy-related carbon dioxide emissions rose by under 1% in 2022 – less than initially feared – as the growth of solar, wind, EVs, heat pumps and energy efficiency helped limit the impacts of increased use of coal and oil amid the global energy crisis, according to new IEA analysis published.
Although the rise in emissions last year was far smaller than the exceptional jump of over 6% in 2021, emissions still remain on an unsustainable growth trajectory, calling for stronger actions to accelerate the clean energy transition and move the world onto a path towards meeting its energy and climate goals, according to the new analysis, CO2 Emissions in 2022.
The report is the first in a new series, the Global Energy Transitions Stocktake, which will bring together the IEA’s latest analysis in one place, making it freely accessible in support of the first Global Stocktake in the lead-up to the COP28 Climate Change Conference in November.
The new analysis, CO2 Emissions in 2022, is the first in a new series, the Global Energy Transitions Stocktake, and will be freely accessible to support the first Global Stocktake leading up to the COP28 Climate Change Conference in November.
The report shows that emissions from coal and oil increased, while emissions from natural gas declined. China’s emissions remained flat, the European Union’s emissions fell, and emissions from emerging and developing economies in Asia increased. While clean energy helped avoid additional emissions, fossil fuel companies need to take more responsibility to align their strategies with meaningful emissions reductions.