Despite Tech Advances, CO2 Emissions Soar in 2018

Global CO2 emissions from energy sources rose by 1.7% to 33 Gigatonnes (billion metric tons or Gt) in 2018, reversing a trend of a slow decline.

Despite the recent growth in renewable power projects (31% increase in solar alone) and the retirement of a growing number of coal and other fossil-fuel plants, world CO2 emissions grew in 2018. The main reason is the overall increase in global energy demand, by 2.3% in 2018, the greatest rise this decade. Analysts believe this was driven by a growing global economy and reaction to greater severe weather (increased heating and cooling needs) in some areas. While natural gas is a “cleaner” fuel than coal and oil, its use increased markedly in 2018, including new power plants, and accounted for 45% of the rise in energy consumption, according to the International Energy Agency (IEA). While the 31% growth in solar last year was impressive, it is 31% increase of a small number compared to fossil fuels whose overall use rose, too.

Despite the decline in coal use and retirement of coal-fired power plants in Europe and the U.S, coal-fired power plants are still popular and growing in developing Asia, where many of these plants are relatively new and have decades of useful life remaining. Therefore, decreasing CO2 emissions in the future is problematic.

Renewables were a major contributor to this power generation expansion, accounting for nearly half of electricity demand growth. China remains the leader in renewables, both for wind and solar, followed by Europe and the U.S.

A significant contributor to the 2.3% increase in global energy demand in 2018, according to the IEA, is the increase in heating and cooling as average winter and summer temperatures as some regions approached or exceeded historical records.

Energy demand growth was led by the U.S. Together, China, the U.S., and India accounted for nearly 70% of the total global rise in energy demand.

Global natural gas demand rose 4.6% in one year; in the U.S., the rise was for natural gas alone was 10% last year, the U.S.’s largest increase since the beginning of IEA records in 1971. Gas demand in China increased by almost 18%. Oil demand grew 1.3% worldwide, with the U.S. leading the global increase due to strong growth in petrochemical and other industrial production and transportation.

This points to a need to improve our energy intensity (energy use per GDP) and energy efficiency to allow economic growth while stifling the growth and even decrease usage of energy sources to address the goals to reduce CO2 emissions. The technology is there, but the leadership from government is lacking.

Global issue or not, CCES can help your company improve your energy efficiency to save you costs, raise your asset’s value, and improve productivity at the same time. In addition, we work with a number of utility and government programs who will pay YOU to be more energy efficient and save money. Contact us today at 914-584-6720 or at karell@CCESworld.com.