Electric cars and bikes massively reduced oil and coal demand in 2023

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According to recent analysis by the International Energy Agency (IEA), the global increase in emissions over the past five years would have been three times greater if not for the contributions of electric vehicles (EVs), solar, wind, and nuclear energy. These findings stem from the IEA’s latest update on global energy-related CO2 emissions and the debut edition of its new series, the Clean Energy Market Monitor. This series aims to monitor the deployment of clean energy and provide insights into its implications for global energy markets.

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