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Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

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IEA: Surge In Renewables And EVs Has Limited Global Emissions

  • The growth in carbon dioxide emissions from fossil fuel combustion is expected to be far smaller in 2022 than the year before.
  • According to the IEA, a surge in renewable energy and electric vehicles has helped to cap emissions.
  • The IEA believes that CO2 emissions this year would be more than three times greater if that surge in renewables and EVs hadn’t taken place.

Carbon dioxide (CO2) emissions from the combustion of fossil fuels globally are expected to rise by just under 1% in 2022, a much smaller increase compared to last year’s thanks to record deployment of renewable energy sources and electric vehicles, the International Energy Agency (IEA) said in a new analysis on Wednesday.  

Last year, CO2 emissions from burning fossil fuels jumped as the global economy began to recover rapidly from the economic crisis triggered by Covid, the IEA said.  

This year, the rise in those emissions will be much smaller, defying expectations of a major jump because of the increased use of coal for power generation amid soaring natural gas prices, the international agency said.

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According to the IEA’s analysts of the latest data, CO2 emissions from burning fossil fuels are on track to increase by nearly 300 million tons in 2022 to 33.8 billion tons. The rise of 300 million tons would be “a far smaller rise than their jump” of nearly 2 billion tons in 2021.

“Global CO2 emissions would be set for a 3-times-bigger rise in 2022 – of nearly 1 gigatonne – were it not for a major expansion of solar, wind & EVs,” the IEA’s Executive Director Fatih Birol said.  

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“This is contributing to an improvement in the CO2 intensity of global energy supply, resuming a key trend,” Birol added.

“The global energy crisis triggered by Russia’s invasion of Ukraine has prompted a scramble by many countries to use other energy sources to replace the natural gas supplies that Russia has withheld from the market. The encouraging news is that solar and wind are filling much of the gap, with the uptick in coal appearing to be relatively small and temporary,” Birol said in a statement.

The IEA analysis shows that CO2 emissions are growing far less quickly this year than some people feared, he added.

By Tsvetana Paraskova for Oilprice.com

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  • Mamdouh Salameh on October 19 2022 said:
    Last year Fatih Birol, the IEA’s Executive Director tried blatantly and unsuccessfully to shift the blame for the global energy crisis which started in January 2021from the EU’s hasty policies of accelerating energy transition to renewables at the expense of fossil fuels to the Ukraine conflict when everyone on the planet knows that the global energy crisis started 14 months before the Ukraine conflict. He was proven absolutely wrong with members of the EU themselves accusing the EU policies for causing the crisis.

    He is now at it again blatantly claiming that the growth in carbon dioxide (CO2) emissions from fossil fuel combustion is expected to be far smaller in 2022 than the year before because of a surge in renewable energy and EVs that helped to cap emissions. According to the IEA’s latest data, CO2 emissions from burning fossil fuels are on track to increase by nearly 300 million tons in 2022 to 33.8 billion tons compared to a rise of nearly 2 billion tons in 2021.

    Does anyone in his full faculties believe that a growth rise of 2% by renewables from 6% in 2021 to 8% in 2022 according to the IEA’s own data and a rise in the number of EVs in 2022 by 2.0 million from 14.50 million in 2021 to 16.5 will reduce emissions from fossil fuels from 2.0 billion tons in 2021 to just 300 million tons in 2022?

    Is it possible that a rise of 8.0% in renewables and the sale of 2.0 million EVs in 2022 could cut emissions from 8.0 billion tonnes of coal used in 2022 and reduce global emissions from 2.0 billion tons in 2021 to only 300 million tons? Only Fatih Birol and the IEA would come up with such fantasies and the reason is that they both live on a different planet.

    Dr Mamdouh G Salameh
    International Oil Economist
    Global Energy Expert

Leave a comment




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