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IEA status report on CO2

Topics Covered:

  1. Conservation and energy related issues.

 

IEA status report on CO2

 

What to study?

  • For Prelims: About IEA.
  • For Mains: Key findings and concerns raised by the report, significance and measures needed to achieve the targets.

 

Context: International Energy Agency (IEA) has released Global Energy & CO2 Status Report.

 

Key findings:

  1. India emitted 2,299 million tonnes of carbon dioxide in 2018, a 8% rise from last year.
  2. India’s emissions growth this year was higher than that of the United States and China — the two biggest emitters in the world — and this was primarily due to a rise in coal consumption.
  3. China, the United States, and India together accounted for nearly 70% of the rise in energy demand.
  4. India’s per capita emissions were about 40% of the global average and contributed 7% to the global carbon dioxide burden.
  5. The United States, the largest emitter, was responsible for 14%.

 

Concerns raised:

  • As per its commitments to the United Nations Framework Convention on Climate Change, India has promised to reduce the emissions intensity of its economy by 2030, compared to 2005 levels. It has also committed to having 40% of its energy from renewable sources by 2030 and, as part of this, install 100 GW of solar power by 2022.
  • However, the IEA report showed that India’s energy intensity improvement declined 3% from last year even as its renewable energy installations increased 10.6% from last year.

 

Global scenario:

  • Global energy consumption in 2018 increased at nearly twice the average rate of growth since 2010, driven by a robust global economy and higher heating and cooling needs in some parts of the world.
  • Demand for all fuels increased, led by natural gas, even as solar and wind posted double digit growth. Higher electricity demand was responsible for over half of the growth in energy needs.
  • Energy efficiency saw lacklustre improvement. As a result of higher energy consumption, carbon dioxide emissions rose 1.7% last year and hit a new record, the authors of the report said in a press statement.
  • The United States had the largest increase in oil and gas demand worldwide. Gas consumption jumped 10% from the previous year, the fastest increase since the beginning of IEA records in 1971.

 

About IEA:

Established in 1974 as per framework of the OECD.

MISSION – The IEA works to ensure reliable, affordable and clean energy for its 30 member countries and beyond. Our mission is guided by four main areas of focus: energy security, economic development, environmental awareness and engagement worldwide.

Headquarters (Secretariat): Paris, France.

A candidate country must be a member country of the OECD. But all OECD members are not IEA members (Ex:Chile, Iceland, Israel, Latvia and Slovenia).

 

To become member a candidate country must demonstrate that it has:

  • crude oil and/or product reserves equivalent to 90 days of the previous year’s net imports, to which the government has immediate access (even if it does not own them directly) and could be used to address disruptions to global oil supply
  • a demand restraint programme to reduce national oil consumption by up to 10%
  • legislation and organisation to operate the Co-ordinated Emergency Response Measures (CERM) on a national basis
  • legislation and measures to ensure that all oil companies under its jurisdiction report information upon request;
  • measures in place to ensure the capability of contributing its share of an IEA collective action.

 

IEA mandate:

To focus on the “3Es” of effectual energy policy:

  1. Energy security.
  2. Economic development.
  3. Environmental protection.

 

Reports:

  • Global Energy & CO2 Status Report 2017.
  • World Energy Outlook.
  • World Energy Statistics 2017.
  • World Energy Balances 2017.
  • Energy Technology Perspectives.

 

Sources: the hindu.