Related Emissions Flat In 2016

20 March, 2017, 21:31 | Author: Benny Bass
  • Renewables are picking

The intergovernmental organisation said that this was the result of growing renewable power generation, switches from coal to natural gas, and improvements in energy efficiency.

"These three years of flat emissions in a growing global economy signal an emerging trend and that is certainly a cause for optimism, even if it is too soon to say that global emissions have definitely peaked", said Dr. Fatih Birol, IEA's executive director, in its report.

The world must swiftly shift energy production away from fossil fuels if it is to prevent a unsafe increase in global temperatures, according to separate reports released Monday by two worldwide agencies.

It said emissions in the United States previous year were at their lowest level since 1992, a period during which the economy grew by 80 percent.

USA emissions fell by 3 percent to their lowest level since 1992 helped by higher use of shale gas and renewable energy displacing coal. Natural gas production is also increasing, helping to mitigate any emissions growth in numerous western countries looking to natural gas. Demand for coal was down worldwide, but the decline was particularly sharp in the United States where demand dropped 11%.

The IEA estimates that a step-change in climate policy away from fossil fuels and towards cleaner sources of energy would leave a total of $1 trillion of oil assets and $300bn in natural gas assets stranded.

IEA also noted the increase in global nuclear capacity past year was the highest since 1993: New reactors came online in China, the United States, South Korea, India, Russia and Pakistan.

This helped to offset increases in Carbon dioxide emissions in the rest of the world, the IEA said. For example, emissions declined 1% in China while economic activity increased 6.7%. Renewables need to account for the majority of power generation in 2050, based on continued rapid growth especially for solar and wind power in combination with enabling grids and new operating practices. "Market forces, technology cost reductions, and concerns about climate change and air pollution were the main forces behind this decoupling of emissions and economic growth", states IEA. Both agencies, the IEA and IRENA, were asked to prepare reports outlining scenarios that would keep global average temperature increases below 2.0 degrees Celsius (3.6 degrees Fahrenheit), compared with preindustrial times in advance of the Berlin Energy Transition Dialogue meeting being held in Berlin, Germany March 19-23, 2017.

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