What went right in the last week: The good news you need to know

Mar 8, 2024 | News

Speaking of emissions…

In 2023, CO2 emissions from advanced economies fell to a record low – despite their GDPs growing.

According to a report from the International Energy Agency, this is true. The report attributed the decline in production to a combination that included a strong deployment of renewables, converting coal to gas, improving energy efficiency, and softer industrial output.

The IEA reported that emissions in advanced economies fell to a level not seen since the early 1900s in 2023. It said that last year was the first time in advanced economies’ history that at least half of their electricity generation came from low-emission sources.

The IEA says that global emissions continue to increase, and by a large amount. They are expected to rise by 1.1% between 2023 and 2024. Fatih Birol said that despite the world’s current events, the report had some positives.

He said that a pandemic, energy crisis, and geopolitical instability could all derail efforts to create a cleaner and more secure energy system. “Instead, in many economies, we’ve seen exactly the opposite .”

He said: “We must do more to encourage emerging and developing economies to invest in clean energy.”

Image: Veeterzy

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