The International Energy Agency (IEA) released a report on January 1, saying that thanks to the rapid advancement of clean energy transitions such as solar, wind, and nuclear energy, and technologies such as electric vehicles, the increase in global energy-related carbon dioxide emissions in 2023 will be lower than in 2022.
The report, titled Carbon Dioxide Emissions 2023, states that global energy-related carbon dioxide emissions reached a record 37.4 billion tons in 2023, an increase of 410 million tons, or 1.11 TP3 T. Global energy-related carbon dioxide emissions increased last year due to an unusual drought affecting hydropower, but due to technologies such as solar, wind and electric vehicles developments, the increase was lower than the 490 million tons in 2022.
Analysis by the International Energy Agency shows that the continued roll-out of solar, wind, nuclear and electric vehicles has helped humanity to avoid using more fossil fuels. Without clean energy technologies, the incremental increase in global carbon dioxide emissions over the past five years would have been three times what it is today.
The IEA also released on the same day a sister report to the Carbon Dioxide Emissions 2023 report - the first report titled Clean Energy Market Monitor. According to the report, China continues to be a significant leader in the deployment of clean energy technologies, with advanced economies and China accounting for 901 TP3T of new solar photovoltaic and wind power plants and 951 TP3T of electric vehicle sales globally in 2023.However, the international community still needs to significantly increase clean energy investment and deployment in emerging and developing economies.
The clean energy transition has undergone a series of stress tests over the past five years and has proven its resilience, said International Energy Agency Administrator Fatih Birol. Despite stronger global energy demand growth in 2023 than in 2022, the clean energy transition is still advancing rapidly and playing a role in controlling emissions.
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