IEA says CO2 emissions hit record high in 2010, and 2020 reduction target "will be extremely challenging"
Energy-related CO2 emissions in 2010 were the highest ever recorded, according to estimates by the International Energy Agency (IEA). After a dip in 2009, CO2 emissions are estimated to have soared to 30.6 gigatons in 2010, a five percent jump from 2008 levels.
The International Energy Agency (IEA) is an independent, multi-government group formed out of the wake of the 1973 oil crisis. The Agency forecasts oil production and monitors international oil markets and energy sectors. Just five years ago, the IEA rather confidently predicted that oil production would rise to 120 million barrels per day by 2030. Well, there's been a change in outlook.
By 2050, biofuels could make up to 27 percent of total worldwide transportation fuel, according to a report published by the International Energy Agency (IEA). This, according to the IEA, would represent an increase in biofuel use to more than 750 million tons by 2050, up from 55 million tons today.