The International Energy Agency (IEA) in its latest analysis has predicted that the carbon dioxide emissions levels in 2022 will only see a fraction of growth as compared to last year when it worsened. The global carbon dioxide (CO2) emissions from fossil fuel combustion are expected to grow by just under 1% this year.
Analysis of data by the IEA shows that the CO2 emissions are on course to increase by close to 300 million tonnes in 2022 to 33.8 billion tonnes – a far smaller rise than their jump of nearly 2 billion tonnes in 2021. The agency said that the 2021 jump was triggered by the recovery of activity following the shutdown by the Covid-19 pandemic.
“This year’s increase is driven by power generation and by the aviation sector, as air travel rebounds from pandemic lows,” IEA said in a statement. It is to be noted that carbon dioxide is the biggest contributor to greenhouse emissions that lead to rising temperatures and causes climate change.
While that increase could have been much larger, at possibly 1 billion tonnes with countries’ coal demand surging as gas prices soared due to the war in Ukraine, the deployment of renewable energy and EVs have kept a lid on the rise in emissions. ” Global energy trends have also been affected this year by the impacts of Russia’s war on the world economy, which have significantly dampened expectations for economic growth, notably in Europe,” IEA said.
The report said solar photovoltaic and wind were leading an increase in global renewable electricity generation of more than 700 terawatt-hours (TWh), the largest annual rise on record., this year. Without this increase, global CO2 emissions would have been more than 600 million tonnes higher this year.
The European Union’s CO2 emissions are on course to decline this year despite higher coal emissions. The rise in European coal use is expected to be temporary, as a strong pipeline of new renewable projects is forecast to add around 50 gigawatts of capacity next year.