Global participation of private and public sectors to tackle global warming bore fruit as energy-related emissions of carbon dioxide rose lower than anticipated in 2022, according to the data released by the International Energy Agency (IEA).
Emissions from energy rose by less than 1% last year to a new high of over 36.8 billion tons globally with the help from renewable projects that limit the impact of a global rise in coal and oil consumption after the disruption of the energy sector by the Russia and Ukraine war.
IEA Executive Director Fatih Birol noted that the impacts of the energy crisis didn’t result in the major increase in global emissions that was initially feared, which is thanks to the outstanding growth of renewables, EVs, heat pumps and energy efficient technologies.
The figure made a sharp decline from a rise of 6% in 2021. Meanwhile, electronic vehicles continued to gain momentum, as over 10 million cars were sold last year globally, which was 14% higher than anticipated.