‘Carbon dioxide emissions in 2022’ report released by IEA

• Report is first in IEA’s new series, Global Energy Transitions Stocktake- tracking progress towards Paris Agreement, provides complete picture of energy-related greenhouse gas (GHG) emissions in 2022.

Key findings

• Global energy-related CO2 emissions grew by 0.9% in 2022, reaching a new high of over 36.8 Gt.
• CO2 emissions are caused by burning of fossil fuels such as oil, coal and natural gas.
• Despite the rise, CO2 growth was well below global GDP growth of 3.2% – reverting to a decade-long trend of decoupling emissions and economic growth.
• Clean energy technologies (wind and solar energy, electric vehicles etc.) helped keeping the emission level of CO2 lower.
• Global Energy Transitions Stocktake
  • It tracks technology, investment and people-centered progress toward Paris Agreement and supports first Global Stocktake (GST) which will conclude at COP 28 in 2023.
  • GST, started at COP 26, assesses world’s collective progress towards Paris Agreement and long-term climate goals.
  • Paris Agreement is a legally binding international treaty on climate change adopted by 196 Parties at UN Climate Change Conference (COP21) in 2015.

About International Energy Agency

• It is an autonomous Intergovernmental Organisation established in 1974
• HQ- Paris, France.
• It mainly focuses on its energy policies which include economic development, energy security and environmental protection. These policies are also known as the 3 E’s of IEA.
• It was established in the wake of the oil crisis of 1973-1974, to help its members respond to major disruptions in oil supply.
• Over time, the mandate of the IEA has expanded to include tracking and analyzing key global energy trends, promoting sound energy policy and encouraging multinational energy technology cooperation.
• Major Reports:
  • World Energy Outlook Report.
  • India Energy Outlook Report.
  • World Energy Investment Report.
  • World Energy Statistics.
  • Energy Technology Perspectives.