The IEA said the rise in global CO2 emissions this year would have been larger – more than tripling to reach close to 1 billion tonnes – were it not for the major deployments of renewable energy technologies and electric vehicles (EVs) around the world.

Even though Russia’s invasion of Ukraine has propped up global coal demand in 2022 by making natural gas far more expensive, the relatively small increase in coal emissions has been considerably outweighed by the expansion of renewables, IEA said