Power Generation Emissions Set to Plateau through 2025

Global carbon emissions from electricity generation grew in 2022 at a rate similar to the 2016-2019 average. Their increase of 1.3% in 2022 is a significant slowdown from the staggering 6% rise in 2021, which was driven by the rapid economic recovery from the Covid shock. Nonetheless, electricity generation-related carbon dioxide emissions reached a record high in 2022. The share of renewables in the global power generation mix is forecasted to rise from 29% in 2022 to 35% in 2025. As renewables expand, the shares of coal- and gas-fired generation are set to fall. As a result, emissions of global power generation will plateau to 2025 and its carbon intensity will further decline in the coming years.



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