EcoWatch
Facebook 573k Twitter 238k Instagram 37k Subscribe Subscribe
  • Climate
  • Energy
  • Policy
  • Renewables
  • Culture
  • Science
  • Go Solar Today
      • Top Companies By State
        • California Solar Companies
        • Texas Solar Companies
        • New York Solar Companies
        • Florida Solar Companies
        • See All States
      • Top Incentives By State
        • California Solar Incentives
        • Texas Solar Incentives
        • New York Solar Incentives
        • Florida Solar Incentives
        • See All States
      • Solar Panel Costs By State
        • Solar Panel Costs in California
        • Solar Panel Costs in Texas
        • Solar Panel Costs in New York
        • Solar Panel Costs in Florida
        • See All States
      • Value of Solar by State
        • Is Solar Worth It In California?
        • Is Solar Worth It in Texas?
        • Is Solar Worth It New York?
        • Is Solar Worth It In Florida?
        • See All States
      • Company Reviews
        • Tesla Solar Review
        • Sunrun Solar Review
        • SunPower Solar Review
        • Vivint Solar Review
        • See All Companies
      • Common Solar Questions
        • Can You Get Free Solar Panels?
        • Does Solar Increase Home Value?
        • What’re The Best Solar Batteries?
        • Can You Finance Solar?
        • Where To Buy Solar Panels?
        • Payback On Solar Panels?
      • Solar Resources
        • Interactive Solar Calculator
        • Federal Solar Tax Credit 2023
        • Best Solar Panels For Most Homes
        • Tesla Solar Roof Review
        • Cheapest Solar Panels
      • Companies Compared
        • SunPower vs Tesla Solar
        • SunRun vs Tesla Solar
        • SunRun vs SunPower
        • SunPower vs Momentum Solar
        • SunPower vs ADT Solar
EcoWatch
  • Climate
  • Energy
  • Policy
  • Renewables
  • Culture
  • Science
  • Go Solar Today
    • Go Solar Today
    • Top Companies By State
      • California Solar Companies
      • Texas Solar Companies
      • New York Solar Companies
      • Florida Solar Companies
      • See All States
    • Top Incentives By State
      • California Solar Incentives
      • Texas Solar Incentives
      • New York Solar Incentives
      • Florida Solar Incentives
      • See All States
    • Solar Panel Costs By State
      • Solar Panel Costs in California
      • Solar Panel Costs in Texas
      • Solar Panel Costs in New York
      • Solar Panel Costs in Florida
      • See All States
    • Value of Solar by State
      • Is Solar Worth It In California?
      • Is Solar Worth It in Texas?
      • Is Solar Worth It New York?
      • Is Solar Worth It In Florida?
      • See All States
    • Company Reviews
      • Tesla Solar Review
      • Sunrun Solar Review
      • SunPower Solar Review
      • Vivint Solar Review
      • See All Companies
    • Common Solar Questions
      • Can You Get Free Solar Panels?
      • Does Solar Increase Home Value?
      • What’re The Best Solar Batteries?
      • Can You Finance Solar?
      • Where To Buy Solar Panels?
      • Payback On Solar Panels?
    • Solar Resources
      • Interactive Solar Calculator
      • Federal Solar Tax Credit 2023
      • Best Solar Panels For Most Homes
      • Tesla Solar Roof Review
      • Cheapest Solar Panels
    • Companies Compared
      • SunPower vs Tesla Solar
      • SunRun vs Tesla Solar
      • SunRun vs SunPower
      • SunPower vs Momentum Solar
      • SunPower vs ADT Solar

The best of EcoWatch right in your inbox. Sign up for our email newsletter!

    • About EcoWatch
    • Contact EcoWatch
    • Terms of Use
    • Privacy Policy
    • Learn About Solar Energy
    Facebook 573k Twitter 238k Instagram 37k
    EcoWatch
    • About EcoWatch
    • Contact EcoWatch
    • Terms of Use
    • Privacy Policy
    • Learn About Solar Energy
    Facebook 573k Twitter 238k Instagram 37k
    Home Energy

    Global Carbon Budget Will Be Spent in 9 Years at Current Emissions Rate, Study Finds

    By: Olivia Rosane
    Updated: November 11, 2022
    Edited by Chris McDermott
    Facebook icon Twitter icon Pinterest icon Email icon
    Coal-fired thermoelectric plants and oil pipelines on the coast in Punchuncavi, Chile
    Coal-fired thermoelectric plants and oil pipelines in Punchuncavi, Chile, on June 14, 2022. Marcelo Hernandez / Getty Images
    Why you can trust us

    Founded in 2005 as an Ohio-based environmental newspaper, EcoWatch is a digital platform dedicated to publishing quality, science-based content on environmental issues, causes, and solutions.

    Facebook icon Twitter icon Pinterest icon Email icon

    The 2022 Global Carbon Budget report is out, and it shows that nations are still emitting beyond their means. 

    The report, which was released Friday amidst the COP27 UN climate conference in Sharm el-Sheikh, Egypt, found that there is now a 50 percent chance that we will burn past the 1.5 degree Celsius temperature goal in just nine years if greenhouse gas emissions continue at current levels.

    “This year we see yet another rise in global fossil CO2 emissions, when we need a rapid decline,” study leader Professor Pierre Friedlingstein of Exeter’s Global Systems Institute said in a statement emailed to EcoWatch. “There are some positive signs, but leaders meeting at COP27 will have to take meaningful action if we are to have any chance of limiting global warming close to 1.5°C. The Global Carbon Budget numbers monitor the progress on climate action and right now we are not seeing the action required.”

    2/2

    Work by 105 scientists from 80 research institutions using millions of data points & >40 global models of oceans, land, atmosphere & land use.

    Thanks to all, to the core team, and to Pierre Friedlingstein @PFriedling for his leadership and the tremendous amount of work. pic.twitter.com/DpkFrFZEtT

    — GlobalCarbonProject (@gcarbonproject) November 11, 2022

    The Global Carbon Budget report is a project of the Global Carbon Project. It is a peer-reviewed paper updated every year that accounts for both sources and sinks of carbon dioxide. This year’s paper was the work of 105 scientists from more than 80 institutions. The project calculates how much carbon dioxide human society can still emit before we have a 50 percent chance of blowing past the Paris agreement goal of limiting global warming to 1.5 degrees Celsius above industrial levels and thereby avoiding the worst impacts of the climate crisis. 

    So far, global energy policy is not leading us in the right direction. Emissions were projected to reach 40.6 billion tons (GtCO2) in 2022, which approaches 2019’s record of 40.9 GtCO2. Carbon dioxide emissions from the burning of fossil fuels in particular were expected to reach record levels of 36.6 GtCO2, which is a one percent increase from 2021 levels and slightly higher than pre-pandemic 2019 levels. 

    Oil emissions were the leading cause of the fossil fuel emissions increase, while coal emissions increased as well. A leading cause of the oil rebound was an uptick in flying following the coronavirus lockdown. 

    The other type of emissions calculated by the report are emissions from land use change such as deforestation, which were projected to be 3.9 GtCO2 in 2022.

    On a country-by-country level, emissions were projected to fall by 0.9 percent in China and 0.8 percent in the EU, but rise by 1.5 percent in the U.S. and six percent in India.

    One piece of good news is that fossil fuel emissions are rising slower than they were, at more than half a percent per year instead of more than three percent per year as in the aughts. But if policy makers want emissions to fall to zero by 2050, they must ensure they actually fall, not simply rise more slowly. That would mean a decrease of 1.4 GtCO2  per year, roughly the decrease caused by the 2020 lockdowns. If leaders want a 50 percent chance of meeting the Paris agreement goal, they must ensure that no more than 380 GtCO2 are emitted going forward. For two degrees of warming, 1,230 GtCO2 may be emitted, which would take 30 years if emissions continue at 2022 levels. 

    “If governments respond by turbo charging clean energy investments and planting, not cutting, trees, global emissions could rapidly start to fall,” study co-author and Royal Society Research Professor at UEA’s School of Environmental Sciences Corinne Le Quéré said in a statement emailed to EcoWatch. “We are at a turning point and must not allow world events to distract us from the urgent and sustained need to cut our emissions to stabilize the global climate and reduce cascading risks.”

    More From EcoWatch
    • Is Solar Right For Your Home?
    • How to Lower Your Energy Bill
    • How to Conserve Energy

    Subscribe to get exclusive updates in our daily newsletter!

      By signing up, you agree to the Terms of Use and Privacy Policy & to receive electronic communications from EcoWatch Media Group, which may include marketing promotions, advertisements and sponsored content.

      Olivia Rosane

      Olivia Rosane is a freelance writer and reporter with a decade’s worth of experience. She has been contributing to EcoWatch daily since 2018 and has also covered environmental themes for Treehugger, The Trouble, YES! Magazine and Real Life. She holds a Ph.D. in English Literature from the University of Cambridge and a master’s in Art and Politics from Goldsmiths, University of London.
      Facebook icon Twitter icon Pinterest icon Email icon

      Read More

      Arctic Sea Ice Maximum Extent Is Fifth Lowest on Record
      The Arctic sea ice extent for the Northern Hemisphere winter
      By Olivia Rosane
      Global Freshwater Demand Will Exceed Supply 40% by 2030, Experts Warn
      Samuel Taylor Coleridge first published the poem “The Rime of
      By Cristen Hemingway Jaynes
      Two Aging UK Coal Plants to Shutter in March Despite Government Requests to Remain on Standby
      Two aging UK coal plants will close at the end
      By Olivia Rosane

      Subscribe to get exclusive updates in our daily newsletter!

        By signing up, you agree to the Terms of Use and Privacy Policy & to receive electronic communications from EcoWatch Media Group, which may include marketing promotions, advertisements and sponsored content.

        Latest Articles

        • Arctic Sea Ice Maximum Extent Is Fifth Lowest on Record
          by Olivia Rosane
          March 17, 2023
        • Global Freshwater Demand Will Exceed Supply 40% by 2030, Experts Warn
          by Cristen Hemingway Jaynes
          March 17, 2023
        • Train Derails, Leaks an Estimated 5,000 Gallons of Fuel on Reservation in Washington
          by Paige Bennett
          March 17, 2023
        • Forest Recovery Can Offset Some Tropical Deforestation Emissions, But Not All
          by Olivia Rosane
          March 17, 2023
        • Two Aging UK Coal Plants to Shutter in March Despite Government Requests to Remain on Standby
          by Olivia Rosane
          March 17, 2023
        • Meet Europe’s Latest National Park, A Wild River in the Heart of Albania
          by Olivia Rosane
          March 17, 2023
        • Volkswagen Announces Plans for a More Affordable Electric Car
          by Cristen Hemingway Jaynes
          March 16, 2023
        • Property Values of Homes Near Solar Farms Appraised in New Study
          by Paige Bennett
          March 16, 2023
        EcoWatch

        The best of EcoWatch right in your inbox. Sign up for our email newsletter!

          • Climate Climate
          • Animals Animals
          • Health + Wellness Health + Wellness
          • Insights + Opinion Insights + Opinion
          • Adventure Adventure
          • Oceans Oceans
          • Business Business
          • Solar Solar
          • About EcoWatch
          • Contact EcoWatch
          • EcoWatch Reviews
          • Terms of Use
          • Privacy Policy
          • Learn About Solar Energy
          • Learn About Deregulated Energy
          • EcoWatch UK
          Follow Us
          Facebook 573k
          Twitter 238k
          Instagram 37k
          Subscribe Subscribe

          Experts for a healthier planet and life.

          Mentioned by:
          Learn more