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Global CO2 emissions set to touch 33 Billion Tonnes in 2021, 2nd Largest rise in Emissions : IEA Report

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Global CO2 emissions set for second biggest spike

According to ‘Global Energy Review 2021’ released by International Energy Agency (IEA), Global CO2 emissions are set to touch 33 Billion Tonnes in 2021, an increase of 5% compared to 2020 Levels (up by 1.5 Billion Tonnes from 2020).  It is the 2nd Largest increase in  emissions ever.

  • It would be the Biggest annual rise in emissions since 2010.
  • The major reason for increase in CO2 emissions is due to rise in Coal demands. Coal is set to grow by 4.5% in 2021 surpassing its 2019 level.  Electricity sector accounts for three-quarters of this increase.
  • The report is IEA’s annual update on latest trends in world energy and CO2 emissions.

Key Forecasts

Global Energy Demands

  • Global Energy demand is set to increase by 4.6% in 2021. The Demand for all fossil fuels (majorly Coal & Gas) is set to grow significantly in 2021.
  • The demand of Coal is set to increase by 60% more than all renewables combined. It will reverse 80% of the drop achieved in 2020.
  • 80% of coal demand in 2021 is set to come from Asia, led by China.

Renewable Energy

Renewables are set to provide 30% of electricity generation worldwide in 2021 (an increase of over 8%). It is the biggest share of the power mix since the beginning of the Industrial Revolution.

  • China will account for almost half of the global increase in electricity generation from renewables, followed by the US, the European Union and India.
  • Biggest contributor to the growth of the renewable sector will be Solar & Wind energy.
  • Electricity generation from wind is projected to grow by 275 Terawatt-hours, (an 17% growth from 2020) and Solar PV is set to rise by 145 Terawatt-hours, an increase of 18% from 2020.
  • Combined output of Wind & Solar PV is set to reach 2, 800 Terawatt-hours in 2021.

Natural Gas

  • The demand for Natural Gas is set to grow by 3.2% in 2021.

Electricity demand

  • It is expected to increase by 4.5% in 2021, or over 1000 TWh.

Recent Related News:

i.February 2021, According to IEA’s  “India Energy Outlook 2021”, India will surpass European Union as the world’s third-biggest energy consumer by 2030.

About  International Energy Agency (IEA)

Executive Director – Fatih Birol
Headquarters – Paris, France
Members Countries– 30 member countries