Global carbon dioxide emissions from burning fossil fuels are expected to rise by just under 1% this year, as the expansion of renewables and electric vehicles outweighed coal demand, the International Energy Agency (IEA) said.
CO2 emissions are on course to increase by nearly 300 million tonnes to 33.8 billion tonnes this year, a far smaller rise than their jump of nearly 2 billion tonnes in 2021, the agency said in a report.
While that increase could have been much larger at possibly 1 billion tonnes with countries' coal demand surging as gas prices soared due to the war in Ukraine, deployment of renewable energy and EVs have kept a lid on the rise in emissions. "The encouraging news is that solar and wind are filling much of the gap, with the uptick in coal appearing to be relatively small and temporary,” he added.
Despite droughts in several regions, global hydropower output is up year-on-year, contributing over one-fifth of the expected growth in renewable power.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GMA raises PH flag in global awards sceneGMA Network continues to raise the Philippine flag on the global stage as it reaps honors from prestigious international award-giving bodies. READ:
Read more »
Bringing global Pinoys together beyond television - BusinessMirrorTHE flagship international channel of media giant GMA Network, GMA Pinoy TV remains true to its promise of bringing Filipinos all over the world “stronger together” through engaging and innovative content beyond its on-air platforms. Just last month, the Filipino community in the US was thrilled with GMA Pinoy TV’s highly successful return via Together Again: A GMA
Read more »
WHO: Global leaders commit $2.6 billion to end polioGlobal leaders committed $2.6 billion in funding at the World Health Summit on Thursday to end polio, the World Health Organization said.
Read more »
Global practitioners to adopt CARD Pioneer microinsurance best practices - BusinessMirrorTwenty leaders & practitioners in the global microinsurance ecosystem attended the Microinsurance Masters program and are poised to adopt learnings from the sustainable framework of the Philippine’s first microinsurance company, CARD Pioneer Microinsurance Inc. (CPMI). Hosted by Pioneer Insurance and organized by Global accelerator Microinsurance Master (MM), the champions of inclusivity arrived in Manila for
Read more »
Laguna’s Liberica, Benguet’s Arabica win silver, bronze at Global Coffee Championship in KoreaPRESS RELEASE: Michael Harris Conlin, 2019 Philippine National Barista Champion, represented the country in the competitions.
Read more »
DTI seeks to strengthen PH global value chainTrade and Industry Secretary Alfredo E. Pascual said the Philippines should reconfigure its exports into industry clusters and strengthen global value chain (GVC) participation to become more attractive to investors.
Read more »