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

(Reuters, 1 Mar 2024) 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 tonnes, or 1.1%, in 2023 to 37.4 billion tonnes, 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.

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Reuters, 1 Mar 2024: Global energy-related CO2 emissions hit record high in 2023 - IEA