The Investment Whisperer
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Investment Whisperer

World

Global carbon pollution hits record high even as renewables surge

by admin March 2, 2024
March 2, 2024
Global carbon pollution hits record high even as renewables surge

Global carbon pollution from energy hit a record high last year, driven partly by increased fossil fuel use in countries where droughts restricted hydropower production, according to an International Energy Agency (IEA) report published Thursday.

Steep cuts in carbon 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 the report.

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

A global expansion in clean technology such as wind, solar and electric vehicles, helped to reduce the rate of 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 tonnes 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.

This post appeared first on cnn.com

0
FacebookTwitterGoogle +Pinterest
previous post
Court orders millions in compensation for survivors of New Zealand’s deadly volcanic eruption
next post
Former Canadian Prime Minister Brian Mulroney dies at 84, according to media reports

Related Posts

CNN Heroes 2024 Voting Disclosures

October 16, 2024

El Salvador says families can file complaints over...

March 24, 2025

CNN aboard Israeli tanker for strike on Houthi-controlled...

October 1, 2024

Everything we know about the funeral of Pope...

April 23, 2025

US and allies push for Israel-Hamas ceasefire to...

August 17, 2024

Mystery of common mushroom growing from an amphibian...

March 3, 2024

At least seven people killed, several feared trapped...

July 9, 2024

Rescuers battle sub-zero temperatures as more than 120...

December 20, 2023

NASA delays astronaut moon landing to at least...

January 10, 2024

Israeli strike reportedly kills Hezbollah spokesperson as group...

November 18, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (1,361)
    • Investing (3,228)
    • Politics (4,371)
    • World (4,306)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheInvestmentWhisperer.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 TheInvestmentWhisperer.com | All Rights Reserved