New report hails renewables in global development


In short
A surge in renewable generation last year played a critical role in keeping global energy-related carbon emissions flat for the second year in a row, according to a report by the International Energy Agency IEA.

Global economic growth did not translate into more harmful greenhouse gas emissions from the energy sector last year according to International Energy Agency(IEA).

This according to a report released by the Agency on Wednesday was a strong indication that growth and increased pollution no longer go hand in hand.

For the second year running, worldwide carbon emissions stalled in 2015 while the global economy grew by 3.1 percent, after a 3.4-percent rise in 2014, the International Energy Agency said.

A surge in the contribution from renewable energy sources explains the decoupling of growth and carbon emissions, with clean energy sources accounting for 90 percent of all new electricity generation in 2015.

Wind alone according to International Energy Agency contributed half of all new electricity generation.

"We now have seen two straight years of greenhouse gas emissions decoupling from economic growth," IEA Executive Director Fatih Birol said in a statement.

"Coming just a few months after the landmark COP21 agreement in Paris, this is yet another boost to the global fight against climate change."

There have been four instances of falling CO2 emissions year-on-year in the last four decades, three of which coincided with economic weakness, in contrast to the scenario seen these past two years.

The two largest greenhouse gas emitters, the United States and China, both registered declines in CO2 production in 2015.

But this  according to International Energy Agency was offset by increased emissions in other Asian developing countries, the Middle East and, to a less extent, in Europe, keeping the overall emissions level flat.

The International Energy Agency provides analysis on global energy markets and advocates policies enhancing the reliability, affordability and sustainability of energy.