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    Array Technologies increased revenue 35% to US$872.7 million in 2020

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    Clean Energy Surge Compensates Global CO2 Emission In 2022

    Annual US Renewables Investment Expected To Grow Rapidly

    500GW Clean Energy Indian Aim Finds Would Be Partner In UAE

    Energy Security Takes Front Seat In 2023-Energy Trilemma

    EWEC Meets More Than 80% of Power Demand Through Renewables

    With Wind Power Push, China Widens Lead In Renewable Energy

    Offshore Wind Tender of 1.8 GW Has Been Issued In Germany

    Japan To Witness A Clean Power Mix of 90% By 2035 – US Study

    Lithuania All Set To Tender 700 MW Offshore Wind Power

    New Coal Plant Nods In China In 2022 Highest Since 2015

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    Refiners Should Not Be Making Above Normal Profits- Biden

    Refiners Should Not Be Making Above Normal Profits- Biden

    Cluster of Businesses Want The EU To Improve Energy Security

    Cluster of Businesses Want The EU To Improve Energy Security

    Enel plans to expand power distribution business into US

    In A Move To Avert Blackouts Australia Halts Power Market

    Central American Development Bank commits $800 million toward the fuel relief effort

    Central American Development Bank commits $800 million toward the fuel relief effort

    A New 500-MW Supercritical Coal-Fired Power Plant Going into Operationa in Philippines

    EU Reduces Plans of Fossil-Fueled Electricity By One-Third

    BP to invest up to £18 billion in UK energy system by 2030

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    India achieved a solar share of 10.69 percent of installed power capacity

    Altea Green Power inks deal with Aer Soleir to build 300MW projects in Italy

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    TotalEnergies starts up its fourth solar power plant in Japan

    ACCIONA Wind Energy

    ACCIONA Energia to supply 100% renewable energy to Grupo Violas in Portugal

    Fermi Energia Selects GE Hitachi Nuclear Energy BWRX-300 Small Modular Reactor for Deployment in Estonia

    Fermi Energia Selects GE Hitachi Nuclear Energy BWRX-300 Small Modular Reactor for Deployment in Estonia

    Atlas and Hitachi to develop energy storage systems for renewable projects

    Nine New Countries Sign Up for Global Offshore Wind Alliance at COP27 in Sharm El-Sheikh

    SolarDuck to build 5MW floating solar demonstrator integrated with offshore wind farm

    United Kingdom Onshore Wind Generation Has Now Reached 37GW

    ABO Wind connects first wind farm in Poland

    US Authorities Seek To Reduce Regulations On Offshore Wind

    Europe’s latest wind offshore auction mainly using non-price criteria is a success

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    Italy’s Innovatec targets EUR 100m in revenue from new solar business

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Clean Energy Surge Compensates Global CO2 Emission In 2022

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Worldwide energy concerning emissions of CO2 rose less than expected in 2022 due to the growth when it comes to clean energy sources such as solar, electric vehicles, heat pumps as well as wind, according to the International Energy Agency.

Global emissions from energy increased by less than 1% in 2022, reaching a new high of more than 36.8 billion tons, as renewables aided in limiting the impact of a worldwide rise in coal and oil consumption, as per an analysis by the IEA. As compared to this, the global emissions from energy rose 6% in 2021.

The analysis from the agency comes as a major disruption in the global energy markets and is witnessed following Russia’s invasion of Ukraine.

The impact when it comes to the energy crisis did not go on to result in the major global emissions increase that was initially feared, says IEA ED Fatih Barol. He adds that this is all due to the outstanding emergence of EVs, renewables, heat pumps, and other efficient energy technologies.

It is a fact that without the growth in clean energy, the surge in emissions in 2022 would have been three times as high, as per the IEA. Still, the agency has gone on to warn that the emissions remain on an unsustainable trajectory of growth and has thereby urged for a more robust plan to move away from fossil fuels.

The international as well as national fossil fuel companies are on the path to making record sales, and they have to take their responsibility share, which is in line with the public pledges they have made in order to meet climate goals, as per Birol. He added that it is indeed critical that strategies get reviewed to make sure that they are in sync with meaningful reductions in emissions.

Notably, natural gas emissions dipped by 1.6% in 2022, as there was already a tight supply because of the Russia-Ukraine war that led to overwhelming trade disruptions. However, a rise of 1.6% in emissions due to coal complements the natural gas decline.

Besides this, oil emissions rose by 2.5%, with about half of the increase coming from the air transport sector as travel consistently rebounded from the pandemic. The report also found that EV sales continued to see an upsurge last year, with more than 10 million four-wheelers sold.

The highest emissions increase in 2022 was due to the electricity and heat generation sectors, which saw a rise of 1.8%. Extreme weather scenarios such as heatwaves and droughts, in addition to the large number of nuclear power plants being offline, all led to a 2022 emissions increase, as per the IEA.

Apparently, in the US, the emissions surged by 0.8% as buildings went on to increase their energy consumption so as to fight extreme temperatures. In the European Union, however, the emissions were 2.5% lower. China’s emissions went on to be largely flat in 2022 due to COVID-19 measures that led to declines in the construction industry as well as transportation and industrial activity declines.

In 2022, the IEA had said that the global energy crisis pushed by Russia’s Ukraine invasion has triggered an unprecedented renewables momentum and opined that by 2025, renewables are going to be world’s largest source of electricity generation.

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