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Energy sector CO2 emissions hit record

in 2022: study
Published Tue, Jun 27, 2023 · 6:20 am
Fossil fuels remain dominant at 82 per cent of consumption, despite a strong showing from
renewables. PHOTO: AFP

Climate Change

GLOBAL energy sector carbon dioxide emissions hit a record peak last year counter
to Paris commitments, a key study warned on Monday (Jun 26), and highlighted the
“worst ever” impacts of climate change.
UK-based global industry body the Energy Institute laid out the main findings of its
Statistical Review of World Energy, conducted with consultancies Kearney and
KPMG.

“Carbon dioxide emissions from energy use, industrial processes, flaring and
methane... continued to rise to a new high growing 0.8 per cent in 2022,” read the
study.
The annual review was historically published by energy major BP but it has been
handed to the institute.
Primary energy consumption grew about one per cent last year from 2021, or
almost three per cent when compared with its pre-Covid level in 2019, the review
found.
Fossil fuels remain dominant at 82 per cent of consumption, despite a strong
showing from renewables.

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Meanwhile, wind and solar power together hit a record 12 per cent of total
electricity generation, helped by the biggest ever increase in capacity for both.
Demand for fuel for transportation continued to rebound from pre-pandemic levels,
although China held “significantly” below due to the ongoing impact of its prior
‘Zero Covid’ restrictions.
Energy Institute president Juliet Davenport warned the sector was heading in the
“opposite direction” to the goals of the Paris deal.
“2022 saw some of the worst ever impacts of climate change – the devastating
floods affecting millions in Pakistan, the record heat events across Europe and
North America – yet we have to look hard for positive news on the energy transition
in this new data,” Davenport said.
“Despite further strong growth in wind and solar in the power sector, overall global
energy-related greenhouse gas emissions increased again.
“We are still heading in the opposite direction to that required by the Paris
Agreement.”
Under the 2015 Paris accord, nations pledged to reach net-zero carbon emissions by
the middle of the century with the aim of limiting the increase in global
temperatures to 1.5 degrees of pre-industrial levels.
Richard Forrest, chair of Energy Transition Institute at Kearney, added that soaring
greenhouse gas emissions reinforced “the need for urgent action to get the world
on track to meet the Paris targets”.
He noted 2022 was a “turbulent year” that saw energy security top the agenda due
to key producer Russia’s invasion of Ukraine – and rebounding post-pandemic
demand. AFP
KEYWORDS IN THIS ARTICLE

ESG Greenhouse gas emissions Net zero

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