Global Carbon Emissions Hit Record High in 2023, IEA Reports

The growth rate of emissions slowed due to the expansion of clean energy, with advanced economies making significant progress.

Global energy-related carbon emissions reached a new high in 2023, but the growth rate slowed due to the expansion of clean energy technologies.
Advanced economies saw a significant reduction in emissions, with at least half of their electricity coming from zero-carbon sources for the first time.
The increase in emissions was partly due to severe droughts affecting hydropower production, leading to increased reliance on fossil fuels.
The deployment of clean energy technologies over the past five years has been crucial in limiting the rise in emissions.
Despite the progress, the IEA emphasizes the need for accelerated efforts to meet global climate goals.