Global Carbon Emissions Hit Record High in 2017 - EIA

Posted by Joseph Keefe
Thursday, March 22, 2018
Global energy-related carbon emissions rose to a historic high of 32.5 gigatonnes last year, after three years of being flat, due to higher energy demand and the slowing of energy efficiency improvements, the International Energy Agency (IEA) said.
Global energy demand rose by 2.1 percent last year to 14,050 million tonnes of oil equivalent, more than twice the previous year's rate, boosted by strong economic growth, according to preliminary estimates from the IEA.
Energy demand rose by 0.9 percent in 2016 and 0.9 percent on average over the previous five years.
Over 70 percent of global energy demand growth was met by oil, natural gas and coal, while renewables accounted for almost all of the rest, the IEA said in a report.
Improvements in energy efficiency slowed last year. As a result of these trends, global energy-related carbon dioxide emissions increased by 1.4 percent in 2017 to 32.5 gigatonnes, a record high.
"The significant growth in global energy-related carbon dioxide emissions in 2017 tells us that current efforts to combat climate change are far from sufficient," said Fatih Birol, the IEA's executive director.
"For example, there has been a dramatic slowdown in the rate of improvement in global energy efficiency as policy makers have put less focus in this area."
Carbon dioxide emissions are the primary cause of global average temperature rise, which countries are seeking to curb to avoid the most devastating effects of climate change.
At talks in Germany late last year among almost 200 nations about details of a global climate accord, scientists presented data showing that world carbon emissions were set to rise 2 percent in 2017 to a new record.
EMISSIONS
"Global emissions need to peak soon and decline steeply to 2020; this decline will now need to be even greater given the increase in emissions in 2017," the IEA said in its report.
The IEA said Asian countries accounted for two thirds of the global increase in emissions. China's emissions rose by 1.7 percent to 9.1 gigatonnes, limited by renewables deployment and more rapid switching to gas from coal.
Most major economies saw an increase in carbon emissions, though Britain, the United States, Mexico and Japan experienced declines.
The biggest drop came from the United States, where they were down 0.5 percent to 4.8 gigatonnes due to higher renewables deployment.
The IEA said oil demand grew by 1.6 percent, or 1.5 million barrels a day, more than twice the average annual rate over the past decade, driven by the transport sector and rising petrochemical demand.
Natural gas consumption grew by 3 percent - the most of all fossil fuels - with China alone accounting for nearly a third of the growth. This was largely due to abundant and relatively low-cost supplies, the IEA said.
Coal demand was 1 percent higher last year, reversing declines over the previous two years, due to rises in coal-fired electricity generation, mostly in Asia.

However, renewables-based electricity generation rose by 6.3 percent, due to the expansion of wind, solar and hydropower. Renewables had the highest growth rate of any energy source, meeting a quarter of world energy demand growth, the IEA said.

Reporting by Nina Chestney  

Categories: Renewable Energy Energy Environmental LNG Wind Power

Related Stories

OSV Market: Asia Pacific Downshifts for the Long Haul

Inpex Eyes Mid-Year Bids for $21B Indonesia LNG Project

Mubadala Hires SLB for Deepwater Drilling Services Offshore Indonesia

Vantage Drilling’s Ultra-Deepwater Drillship Heads to India Under $260M Contract

Australia and Timor-Leste Push to Advance Greater Sunrise Gas Field

JERA Lifts First LNG Cargo From Barossa Gas Project in Australia

ADNOC Gas Signs $3B LNG Supply Deal with India’s HPCL

CNOOC Launches New Offshore Oil Development in Southern China

Saipem Nets Multibillion-Dollar Job at World's Largest Offshore Gas Field

Fugro Nets Mubadala Energy’s Deepwater Gas Job in Asia

Current News

Offshore Tech: Seadrill Adopts igus’ Modular Energy Chains

OSV Market: Asia Pacific Downshifts for the Long Haul

Valeura Lifts Output with Three Producing Wells at Thailand’s Manora Field

Governments Move to Shield Economies as Oil Jumps 25%

Remazel Expands Offshore Services Footprint in Brazil with H Tech Acquisition

Lamprell Secures ONGC Deal for Subsea Pipeline Replacement Project

China’s Five-Year Plan Focuses on Oil Stability, Gas and Reserves Growth

Velesto Gets Shell’s Deepwater Job Offshore Malaysia

Subsea7 Extends Engagement on Türkiye’s Sakarya Field with New Deal

Asia’s Oil Reliance on Middle East Explained

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com