2018 spike in energy demand spells climate trouble: IEA

News Image

MG News | March 26, 2019 at 09:19 AM GMT+05:00

0:00

Paris, March 26: A 2.3 percent jump in global energy demand last year outstripped the expansion of renewables and helped drive record-high greenhouse gas emissions, the International Energy Agency (IEA) said Tuesday.

Fossil fuels satisfied nearly 70 percent of that growth for the second year running, with natural gas accounting for 45 percent of the rise in energy consumption, according to the Agency's Global Energy & CO2 Status Report.

Double-digit growth in solar and wind power generation -- 31 percent for solar -- was still not fast enough to meet soaring electricity demand that also pushed up the use of coal, the most carbon-intensive of fuels.

"We have seen an extraordinary increase in global energy demand in 2018, growing at its fastest pace this decade," said IEA Executive Director Fatih Birol.

"But despite major growth in renewables, global emissions are still rising, demonstrating once again that more urgent action is needed on all fronts" to tackle climate change, he added.

Energy-related global CO2 emissions rose 1.7 percent to a record 33 billion tonnes last year compared to 2017, which likewise saw unprecedented levels of carbon pollution.

CO2 emissions in 2018 from coal used to generate power surpassed 10 billion tonnes for the first time, Birol said.

That energy mostly came from coal-fired plants a dozen years old on average -- not even a quarter of their typical lifespan.

This raises the question of whether their continued use -- much less the construction of new ones -- is compatible with the 2015 Paris climate treaty, which calls for capping global warming at "well below" two degrees Celsius (3.6 degrees Fahrenheit), and at 1.5C if possible.

 

(AFP/APP)

Related News

Name Price/Vol %Chg/NChg
KSE100 155,384.51
274.67M
0.61%
944.82
ALLSHR 95,133.57
856.28M
0.49%
465.41
KSE30 47,466.99
137.10M
0.74%
347.09
KMI30 227,645.22
99.71M
0.67%
1519.50
KMIALLSHR 63,888.06
353.11M
0.50%
319.01
BKTi 41,761.78
72.20M
0.33%
138.95
OGTi 31,619.14
7.57M
0.41%
130.35
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 115,220.00 117,240.00
114,940.00
-2045.00
-1.74%
BRENT CRUDE 67.14 67.52
66.78
0.15
0.22%
RICHARDS BAY COAL MONTHLY 84.00 0.00
0.00
-1.20
-1.41%
ROTTERDAM COAL MONTHLY 93.00 0.00
0.00
0.05
0.05%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 62.90 63.24
62.52
0.21
0.34%
SUGAR #11 WORLD 15.90 15.98
15.80
0.11
0.70%

Chart of the Day


Latest News
September 15, 2025 at 05:53 PM GMT+05:00

Gold price in Pakistan remain unchanged


September 15, 2025 at 05:47 PM GMT+05:00

PIBTL swings to loss in FY25


September 15, 2025 at 05:30 PM GMT+05:00

KAPCO reports significant profit decline in FY25



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg