Moneycontrol PRO
HomeNewsOpinionWe now know how much the coal surge set us back

We now know how much the coal surge set us back

But the latest IEA report on carbon emissions comes with two spots of good news — and a lesson

March 06, 2023 / 15:44 IST
Workers carry coal at a coal yard near a mine in Sonbhadra, Uttar Pradesh India. (Photo by Ritesh Shukla/Getty Images)

In an era where bad news on the climate comes thick and fast, the latest International Energy Agency report on global CO2 emissions at least came with a few pinches of positivity.

First, the negative bit. Total global CO2 emissions from energy and industrial processes grew by 0.9 percent to 36.8 gigatons in 2022. That is a smaller increase than was originally feared, but it’s a miniscule win: It still takes us up to an all-time high.

New High | Carbon dioxide emissions rose 0.9% in 2022 to set a new record
Several drivers contributed to the rise, including extreme weather, offline nuclear reactors and geopolitical events. The largest emissions increase came from electricity and heat generation. As the war in Ukraine disrupted natural gas supplies, nations including India and Indonesia switched to the cheaper alternative: coal. Global emissions from coal-fired power generation rose by 2.1 percent, or 224 million tons of CO2. Across all sectors, the fuel was responsible for releasing a record 15.5 billion tons of CO2 into the atmosphere and the 1.6 percent rise far exceeded the last decade’s average annual growth rate.

Now for the first pinch of positive news. The deployment of wind and solar and other clean technologies such as heat pumps and electric vehicles prevented about 550 million tons of carbon dioxide entering the atmosphere. Without the growth in renewables, the rise in CO2 emissions would have been about 2.3 percent.

Drivers of Change | Renewables and clean energy technology helped prevent 550 million tonnes of CO2 in emissions
There’s something heartening about being able to put a figure on the positive effects of the tech we’ve been pinning our hopes on, and we are finally due to start bending the curve on fossil-fuel emissions in 2025, according to energy sector research firm Rystad Energy. But now’s not the time to start applauding. For starters, we need to consider land use as a source of emissions, as my colleague David Fickling has written. And, to keep the 1.5C Paris Agreement target in sight, we will need to see a 45 percent reduction in global emissions from 2010 levels by 2030. With just seven years to go, we are now up almost 13 percent on 2010 levels. In the grand scheme of things, a few hundred million tons of avoided emissions is tiny.

While the wide use of coal is quite depressing, there’s a second pinch of positivity. The European Union was at the epicenter of the energy crisis induced by Russia’s war in Ukraine. It also had a severe drought, which limited hydroelectricity generation; and with many reactors offline for maintenance, France’s nuclear-power output dropped to a 30-year low. Yet, against all those odds, the EU saw a 2.5 percent drop in CO2 emissions. The mild winter notwithstanding, a large part of this shift is down to clean tech deployment and behavioral change from citizens who cut their electricity usage.

Changing Temps, Changing Behavior | The average electricity load at the end of 2022 was lower across all temperatures than in 2019, pointing toward behavioral change in Europe
Of course, what we’re seeing here is the split between nations that can afford to decarbonize, and nations that can’t. Emerging economies in Asia haven’t been able to invest in renewables and, once gas became out of reach, faced a choice: Burn coal, or go dark. Europe meanwhile, had the means to both stockpile gas and deploy wind and solar at scale.

Big Emitters | Middle-income countries, including China, India and Brazil, accounted for about 65% of global CO2 emissions in 2021
The EU’s successful emissions reduction shows that it’s possible to mitigate a crisis in a clean, green, sustainable way. The challenge will now be keeping the momentum accelerating behind those behavioral changes and renewables deployment. But it’s also a reminder that it’ll be worth nothing if we don’t get less wealthy nations more climate funding and investment, too.

Lara Williams is a Bloomberg Opinion columnist covering climate change. Views are personal and do not represent the stand of this publication.

Credit: Bloomberg

Lara Williams is a Bloomberg Opinion columnist covering climate change. Views are personal and do not represent the stand of this publication.
first published: Mar 6, 2023 03:42 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347