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CO2 Emissions in 2023

A New Record High, but Is there Light at the End of the Tunnel?

The 28e Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28), held in Dubai in the United Arab Emirates from November 30 to December 12, 2023, recognized in its final declaration the need for a “transition away from fossil fuels”, with governments invited to contribute to it, “so as to achieve net zero [CO2 emissions] by 2050 in keeping with the science”. The term ‘transition’ is admittedly ambiguous.[1] It does not call for a ‘phasing out’ of fossil fuels, but the Dubai declaration undoubtedly marks a change in attitude on the part of countries that until now have been reluctant to consider this transition. In this report published after COP28, the IEA (International Energy Agency) takes stock of global CO2 emissions and asks how far we still have to go to achieve carbon neutrality.

IEA (International Energy Agency), CO2 Emissions in 2023: A New Record High, but Is there Light at the End of the Tunnel?, Paris: IEA, February 2024, 24 p.

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In the first part, the IEA gives a mixed assessment of the situati