Simple Money Goal
  • Economy
  • Editor’s Pick
  • Investing
  • Politics
  • Stock
  • Top News
  • Economy
  • Editor’s Pick
  • Investing
  • Politics
  • Stock
  • Top News
No Result
View All Result
Simple Money Goal
No Result
View All Result
Home Economy

Global carbon pollution hits record high even as renewables surge

by
March 2, 2024
in Economy
0
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
Previous Post

Bangladesh inferno kills at least 43, injures dozens more

Next Post

Court orders millions in compensation for survivors of New Zealand’s deadly volcanic eruption

Next Post
Court orders millions in compensation for survivors of New Zealand’s deadly volcanic eruption

Court orders millions in compensation for survivors of New Zealand’s deadly volcanic eruption

Subscribe to Simplemoneygoal.com

    Some Walmart garment orders from Bangladesh on hold due to U.S. tariff threat
    Politics

    Some Walmart garment orders from Bangladesh on hold due to U.S. tariff threat

    July 13, 2025
    Some Walmart garment orders from Bangladesh on hold due to U.S. tariff threat
    Politics

    Some Walmart garment orders from Bangladesh on hold due to U.S. tariff threat

    July 13, 2025
    Trump’s tariffs on Brazil could make your coffee even more expensive
    Politics

    Trump’s tariffs on Brazil could make your coffee even more expensive

    July 11, 2025
    Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker
    Politics

    Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

    July 10, 2025
    • About us
    • Contacts
    • Email Whitelisting
    • Privacy Policy
    • Terms and Conditions

    Copyright © 2023 Daily Trading Digest. All Rights Reserved.

    No Result
    View All Result
    • Economy
    • Editor’s Pick
    • Investing
    • Politics
    • Stock
    • Top News

    Copyright © 2023 Daily Trading Digest. All Rights Reserved.