Record Global Carbon Emissions Projected for 2024
Record Global Carbon Emissions Projected for 2024
Record Global Carbon Emissions Projected for 2024
News summary

Global carbon emissions from fossil fuels are projected to reach a record high of 37.4 billion metric tons in 2024, a 0.8% increase from the previous year, with a notable slowdown from last year's 1.4% rise. Despite the growth in renewable energy and electric vehicles, emissions continue to climb due to increases in fossil gas and oil usage, with India showing the highest increase among major economies at 4.6%. China remains the largest contributor to emissions at 32%, though its growth is nearly flat, highlighting the urgency to reduce emissions by 42% by 2030 to prevent surpassing the 1.5°C warming limit set by the Paris Agreement. The Global Carbon Project underscores the critical disconnect between the urgency of climate change and current government actions, as fossil fuel subsidies and ongoing consumption hinder progress. There is significant concern that natural carbon sinks may not capture as much CO2 in the future, exacerbating climate change impacts. Major contributors to global emissions include China, the United States, India, and the European Union, collectively accounting for 59% of emissions.

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