Business World

IEA: Global energy-related CO2 emissions hit record high in 2023

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LONDON — Global energy-related emissions of carbon dioxide (CO2) hit a record high last year, driven partly by increased fossil fuel use in countries where droughts hampered hydropower production, Internatio­nal Energy Agency (IEA) said on Friday.

Steep cuts in CO2 emissions, mainly from burning fossil fuels, will be needed in the coming years if targets to limit a global rise in temperatur­es and prevent runaway climate change are to be met, scientists have said.

“Far from falling rapidly — as is required to meet the global climate goals set out in the Paris Agreement — CO2 emissions reached a new record high,” the IEA said in a report.

Global emissions from energy rose by 410 million tons or 1.1% in 2023 to 37.4 billion tons, the IEA analysis showed.

A global expansion in clean technology such as wind, solar and electric vehicles helped to curb emissions growth, which was 1.3% in 2022. But a reopening of China’s economy, increased fossil fuel use in countries with low hydropower output and a recovery in the aviation sector led to an overall rise, the IEA said in its report.

Moves to replace lost hydropower generation due to extreme droughts accounted for around 40% of the emissions rise, or 170 million tons of CO2, it said.

“Without this effect, emissions from the global electricit­y sector would have fallen in 2023,” the IEA said.

Energy-related emissions in the United States fell by 4.1% with the bulk of the reduction coming from the electricit­y sector, according to the report.

In the European Union emissions from energy fell by almost 9% last year driven by a surge in renewable power generation and a slump in both coal and gas power generation.

In China, emissions from energy rose by 5.2%, with energy demand growing as the country recovered from COVID-19-related lockdowns, the report said.

China, however, also contribute­d around 60% of global additions of solar, wind power and electric vehicles in 2023, the IEA said.

Globally electric vehicles accounted for one-in-five new car sales in 2023, reaching 14 million and up 35% on the level of 2022.

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