Extreme Weather Drives Emissions Up As Clean Energy Booms
• Global energy-related emissions rose 1.1% in 2023 to 37.4 billion tonnes due to extreme droughts reducing hydropower output • Advanced economies saw a record fall in emissions in 2023 while their GDP grew • Since 2019, growth in clean energy was twice as large as fossil fuels, limiting fossil fuel demand increases • 1 in 5 new car sales globally were electric vehicles (EVs) in 2023, curbing oil demand increases • The IEA analysis shows clean energy deployment over the last 5 years significantly limited fossil fuel demand growth