SHARM EL-SHEIKH, Egypt — Nations will likely burn through their remaining carbon budget in less than a decade if they do not significantly reduce greenhouse gas pollution,
a new study shows, causing the world to blow past a critical warming threshold and triggering catastrophic climate impacts.
10 steps you can take to lower your carbon footprint
But new gas projects — launched in response to Russia’s invasion of Ukraine and the resulting
global energy crunch — would consume 10 percent of that remaining carbon budget, making it all but impossible for nations to meet the Paris agreement goal of limiting warming to 1.5 degrees Celsius above preindustrial levels, according to another report released Wednesday.
The Global Carbon Budget, an annual assessment of how much the world can afford to emit to stay within its warming targets, found that greenhouse gas pollution will hit a record high this year, with much of the growth coming from a 1 percent increase in carbon dioxide from burning fossil fuels. Emissions in both the United States and India have increased compared to last year, while China and the European Union will probably report small declines, according to the report.