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Despite high interest rates and geopolitics curbing economic activity, the reduction in coal consumption and the increasing penetration of renewables, CO2 emissions slightly increased in 2023 (0.1%), pushing the World closer to surpassing the 1.5°C warming threshold before 2030.
One event, the Russian invasion of Ukraine, affects both the price and supply of energy and leads the EU to three sets of measures to mitigate the damage and accelerate the transition to renewable energy.
