Responsible Investment News

Persistent Carbon Emissions Signal Global Climate Goal Is Out of Reach

Carbon-dioxide emissions from burning fossil fuels likely increased by 0.6% this year, down from 2.1% in 2018, according to a report from the Australia-based Global Carbon Project. Declines in the U.S. and Europe were offset by increases in the fast-growing economies of China and India, it said.

“Current climate and energy policies are not enough to reverse the trends in global emissions,” the report’s authors said in a press release. “Continued support for low-carbon technologies need to be combined with policies directed at phasing out the use of fossil fuels.”

The warning comes as envoys from nearly 200 countries gather this week for United Nations-organized climate talks, aimed at implementing the 2015 Paris Agreement to limit fossil fuel pollution, and as a global protest movement calling for tougher action on climate change gathers momentum. The global climate outlook is “bleak” and the planet’s pathway back to a safe climate is narrowing, the UN warned last week.

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