Global CO2 Emissions to Hit Record High in 2022: Urgent Need to Accelerate Deployment of Renewable Energy

Source Press Release
Company ERG S.p.A. 
Tags Renewable Energy, Power, Environment, Strategy - Corporate
Date March 13, 2023

A new report from the International Energy Agency (IEA) warns that global carbon dioxide (CO2) emissions from energy use are expected to hit a new record high in 2022, with an increase of 1.5 billion tons. The rise is mainly due to the escalating demand for fossil fuels, particularly coal, which is experiencing a revival in usage as a result of supply chain disruptions and high gas prices. The slow adoption of renewable energy is also contributing to this trend. 

The IEA emphasizes the need for governments to prioritize clean energy policies and accelerate the deployment of renewable energy technologies to mitigate this crisis. The agency warns that this trend will make it even more challenging to achieve global climate goals and limit the impact of climate change. According to the report, coal demand is projected to increase by 4.5% in 2022, surpassing pre-pandemic levels. 

The urgent need for renewable energy is evident, and it is crucial for governments and businesses to prioritize the shift towards clean energy to reduce carbon emissions and protect the environment. The IEA report emphasizes the importance of clean energy policies and increased investment in renewable energy technologies. In doing so, we can limit the impact of climate change and achieve a more sustainable future for all. 

Acting fast is crucial to preserving the world's resources and ensuring the next generation has access to opportunities for growth. Therefore, it is necessary to reverse the current trend and make substantial investments in clean energy from renewable sources. At ERG, we are proud to help flip the script and contribute to realizing a more sustainable society with a total installed wind energy capacity of 2,690 MW and 370 MW in solar power. 

Source: EvaluateEnergy® ©2023 EvaluateEnergy Ltd