2018 spike in energy demand spells climate trouble: IEA

News Image

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

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 168,865.04
261.33M
-1.79%
-3078.56
ALLSHR 102,295.04
623.57M
-1.94%
-2026.36
KSE30 50,247.11
77.48M
-1.81%
-925.02
KMI30 239,393.54
89.44M
-2.13%
-5220.44
KMIALLSHR 66,134.61
401.13M
-2.11%
-1423.05
BKTi 47,147.62
27.12M
-1.68%
-806.08
OGTi 34,242.17
7.09M
-2.08%
-726.14
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 76,930.00 77,445.00
76,555.00
-330.00
-0.43%
BRENT CRUDE 108.24 109.97
107.21
0.61
0.57%
RICHARDS BAY COAL MONTHLY 130.00 0.00
0.00
2.10
1.64%
ROTTERDAM COAL MONTHLY 140.00 0.00
0.00
0.15
0.11%
USD RBD PALM OLEIN 1,228.00 1,228.00
1,228.00
0.00
0.00%
CRUDE OIL - WTI 102.96 104.46
102.16
0.48
0.47%
SUGAR #11 WORLD 18.76 18.88
18.24
0.36
1.96%

Chart of the Day


Latest News
September 11, 2026 at 06:30 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


September 10, 2026 at 11:29 PM GMT+05:00

Pakistan, Rwanda set to deepen trade, investment ties


September 10, 2026 at 11:14 PM GMT+05:00

Fuel prices rise again: diesel up Rs5.37, petrol Rs3.05


September 10, 2026 at 10:18 PM GMT+05:00

KPRA introduces ‘Sahulat’ app for digital sales tax services


September 10, 2026 at 10:02 PM GMT+05:00

SBP reserves rise $1.2bn to $18.33bn



Top 5 things to watch in this week

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