Global warming: In 2023, CO2 emissions will reach record levels

Global CO2 emissions are the primary source of global warming. By 2023, they are expected to reach unprecedented levels, the International Energy Agency (IEA) has warned.

These CO2 emissions, and in view of the very small share that the recovery plans linked to Covid-19 devote to clean energies, will continue to grow thereafter, warns the IEA.

To deal with this problem, States have released unprecedented sums to face the pandemic. But according to the IEA’s calculations in an analysis of stimulus plans and their energy impact, barely 2% have so far gone to the transition in favor of clean energy.

Most of the $ 16 trillion in announced tax measures went to health spending and emergency support for businesses and households, the same source said, noting that some $ 2.3 trillion was spent on economic recovery, including 380 billion. billion linked to energy projects ” durable “. Consequently and “in view of current public expenditure forecasts, CO2 emissions are set to reach record levels in 2023 and continue to grow in the following years”, underlines the IEA.

The director of the IEA, Fatih Birol, “ since the start of the Covid-19 crisis, many governments have said how important it is to rebuild better, for a healthier future, but many have yet to walk the talk “.

Moreover, ” Investing in clean energy not only puts the world off the path of mid-century carbon neutrality, it also fails to prevent a new emissions record. »Decided the person in charge.

On the other hand, both public and private funds are sorely lacking. By mid-2020, 1000 billion dollars of additional green investment per year and over three years (energy efficiency, electrification, networks, etc.) would support both the recovery and the creation of nine million jobs, according to calculations made by the IEA and the IMF, in compliance with the Paris climate agreement. To date, the measures adopted should result in 350 billion dollars in additional annual expenditure, from 2021 to 2023: it is better than before the Covid, but not enough.

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