The pledge still allows for some "limited" exceptions of fossil-fuel financing so long as they are consistent with the 2015 Paris pact to curb global temperature increases.
Members of the IEA agreed to tap their emergency oil reserves to calm crude prices that have soared following Russia's attacks on Ukraine,
UN chief Antonio Guterres warned of the threat of fossil fuel addiction as emissions are still set to rise 14 percent before the end of the decade.
The economic recovery from the Covid pandemic, combined with unusual weather conditions, caused electricity demand to jump by record 1,500 terawatt-hours in 2021.
With soaring energy prices, Russian gas exports to Europe have been in focus amid a standoff between Russia and the West over border tensions with Ukraine.
The IEA said that renewables such as wind and solar energy continued to grow rapidly but the global transition to clean energy is still far too slow to meet climate pledges.
International Energy Agency estimates CO2 emissions will increase by almost five percent this year, or 1.5 billion, to 33 billion tonnes, largely driven by a resurgence in Asian coal use.
Coronavirus rescue packages must back clean energy, says the International Energy Agency, which adds that battery and hydrogen technology could advance rapidly. The IEA also cites spectacular growth of wind and solar energy.
Natural gas accounts for 45 percent of the rise in energy consumption, helping drive record-high greenhouse gas emissions.
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