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CO2 budget: Peak in fossil fuel emissions still not in sight

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Published: November 13th, 2024,
Last updated: February 11th, 2025

CO2 budget soon to be used up: renewables are not replacing fossil fuels fast enough.

Global CO2 emissions from the use of fossil fuels will rise again in 2024. There is still „no clear sign“ that these emissions will peak, warns a report on the Global Carbon Budget, which was presented at COP29 in Baku on Wednesday. According to the report, there is a 50 percent risk that the CO2 budget to comply with the 1.5-degree limit will be used up in the next six years.

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COP29