Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • CCUS
  • Cap & Trade Markets
  • Voluntary Markets & Offsets
  • Corporate & Finance
  • Net Zero Strategies
  • Podcasts
Search
Related Articles
US renewables receive unfair advantage
State administrations are using a flawed metric to justify green energy projects
Sustainability’s true meaning
Ignoring questions of sustainability will not make the problems they focus on go away
Outlook 2025: Digital in the grand alliance – driving energy technology beyond the transition
Global energy demand keeps rising, and digital technology will play a crucial role in both meeting that demand and doing so in a sustainable way
Outlook 2024: The energy trilemma – Sustainability, security & affordability
Key trends identified as drivers of the trilemma
Outlook 2024: Negative energy pricing strategies to capitalise on flexibility assets
Negative pricing has become more frequent in European energy markets, and GB markets are now experiencing a similar increase
Olympus deal is key first for RSG market
Long-term deal signed by Olympus Energy marks breakthrough for emerging market for responsibly sourced gas
Airbus and Masdar explore DAC for SAF
Joint project aims to develop production of sustainable fuels by combining direct air capture and green hydrogen
California DAC consortium bids for hub funding
The group, which includes Brookfield Renewable and Southern California Gas Company, plans to develop capture and storage network across California
EU ETS revisions close to becoming law
Final shape of the law endorsed by European Parliament with only EU Council endorsement remaining
BP softens emissions goals in push for ‘orderly’ transition
Oil and gas major revises down scope three targets as it plans slower reductions in oil and gas production to 2030
Renewables and coal have seen an uptick in 2022
IEA Renewables Emissions Energy transition Coal Gas Nuclear Aviation
Polly Martin
19 October 2022
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Global carbon emissions set to rise in 2022 – IEA

World on course for 33.8bn t of CO₂ emissions this year, but major deployments of renewables and EVs have slowed rate of increase

The world is on track to emit 33.8bn t of CO₂ in 2022, a 300mn t increase on 2021, according to new IEA analysis. The agency estimates that the increase would have reached 1bn t were it not for major deployments of renewable power and electric vehicles this year. “The global energy crisis triggered by Russia’s invasion of Ukraine has prompted a scramble by many countries to use other energy sources to replace the natural gas supplies that Russia has withheld from the market. 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,” says IEA executive director Fatih Birol. “This means that CO₂ emissions ar

Also in this section
Carbon border tax exemptions to become law
27 May 2025
EU Parliament and Council both agree to exempt bulk of importers from paying a carbon tax on goods imported into the EU
Plugging the gaps in CCUS with policy, finance and stakeholder trust
27 May 2025
Carbon capture, utilisation and storage needs stable policy, investable frameworks and coordinated infrastructure if it is to be developed at scale
A new energy order in the UAE and Saudi Arabia
Opinion
19 May 2025
The two Gulf states are combining fossil fuel production with ambitions to become leaders in low-carbon energy
Letter on carbon: Meet America’s first CCS major
Opinion
14 May 2025
Deal with Calpine shows oil and gas major ExxonMobil has no intention of curbing its CCS ambitions, despite US policy risks and broader scepticism over the energy transition

Share PDF with colleagues

Rich Text Editor, message-text
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Rich Text Editor, txt-link-message
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search

  • CCUS
  • Cap & Trade Markets
  • Voluntary Markets & Offsets
  • Corporate & Finance
  • Net Zero Strategies
  • Podcasts
Search