Global Energy CO2 emissions reached last year’s record: Report


A general view of an energy plant north of Kosovos Capital, Pristina, near the city of Obilic, Kosovo, on October 27, 2021. - Reuters
A general view of an energy plant north of the capital of Kosovo, Pristina, near the city of Obilic, Kosovo, on October 27, 2021. – Reuters

Global carbon dioxide emissions from the energy sector reached a record record for the fourth year that is considered last year, since the use of fossil fuels continued to increase, even when the renewable energy reached a record record, the annual statistical review of the World Energy of the Energy Institute showed Thursday on Thursday.

Why is it important

The figures of the report highlight the challenge of trying to weave the world economy of fossil fuels at a time when the conflict in Ukraine has redesigned the oil and gas flows of Russia and the fight in the Middle East raises concern for the safety of supplies.

Last year was the hottest year recorded, with global temperatures greater than 1.5 ° C (34.7 ° F) above the pre -industrial era for the first time.

For the numbers

The world saw an annual 2% increase in the total energy supply in 2024, with all energy sources, such as oil, gas, coal, nuclear, hydroelectric and renewable energy record increases, which occurred for the last time in 2006, according to the report.

This led to carbon emissions increased by around 1% in 2024 and exceed the registration level established the previous year in 40.8 Gigatones of carbon dioxide equivalent.

Of all world fossil fuels, natural gas saw the greatest increase in generation, growing 2.5%. Meanwhile, coal grew by 1.2% to remain the largest source of generation worldwide, while oil growth was less than 1%.

Wind and solar energy expanded by 16% in 2024, nine times faster than total energy demand, according to the report.

Context

INDUSTRY BODY The Energy Institute, which includes energy professionals at all levels, together with KPMG and Kearney consultancies, took over BP last year to authorize the report.

The progress of analysts’s monitoring has said that the world is not in progress to meet a global objective to triple renewable energy by 2030 despite the adding record amounts.

Key quotes

“Last year was another turning point for global energy, driven by the increase in geopolitical tensions,” Romain de Consultant Kearney, one of the authors of the report, said in a statement.

“COP28 established a bold vision to triple global renewable energies by 2030, but progress is demonstrating to be unequal and, despite the rapid growth we have seen worldwide, we are not yet at the requested rate,” said Wafa Jafri, KPMG’s partner.

COP28 was the United Nations Climate Change Conference that took place in Dubai in 2023, in which countries signed a pact to transition to fossil fuels in energy systems to achieve zero net emissions by 2050.



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