Global CO2 emissions from fossil fuels to rise by less than 1% this year as renewables and EVs take off
Author: Angela Dewan
“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. The encouraging news is that solar and wind are filling much of the gap, with the uptick in coal appearing to be relatively small and temporary,” IEA Executive Director Fatih Birol said in a statement. “This means that CO2 emissions are growing far less quickly this year than some people feared – and that policy actions by governments are driving real structural changes in the energy economy. Those changes are set to accelerate thanks to the major clean energy policy plans that have advanced around the world in recent months.” The International Energy Agency published its forecast in a report Wednesday, showing CO2 emissions are on track for an increase of 300 million metric tons in 2022, reaching 33.8 billion tons. That’s a far smaller rise that the jump of nearly 2 billion tons in 2021 as the world rebounded from the Covid-19 pandemic.