Report on energy-related greenhouse gas emissions in 2023
The International Energy Agency (IEA) has published its report on energy-related greenhouse gas emissions.
As global energy demand continues to grow, one statistic offers a glimmer of hope in the fight against climate change: global energy-related CO₂ emissions fell last year compared to 2022.
However, the industrial landscape presents a more mixed picture. Despite moderately lower industrial production, efficiency gains and fuel switching in advanced economies, industrial emissions have risen slightly. This is due to industrial expansion in emerging markets and developing economies, highlighting the global challenge of reconciling economic growth with emissions reductions.
In Europe, high energy prices, interest rates, weak domestic demand and international competition have led to a fall in industrial production. However, this represents around 30% of the total annual reduction in emissions.
These results suggest that, beyond production cuts, the European Union has succeeded in integrating more sustainable practices, demonstrating that energy efficiency and the judicious choice of energy sources can play a crucial role in reducing CO₂ emissions.
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