Global CO2 emissions are expected to hit a record in 2023, says report

As carbon emissions began to grow again all over the world and expected to reach a new record in 2023, despite all the warnings from scientists and the general consensus of people about the importance of combating global warming. 

This is main conclusion of the new annual report “Global Carbon Budget”, released by Global Carbon Project within the scope of COP-28. 

O study predicts that the CO2 emissions from fossil fuels surpass the 36,8 billion ton mark this year, a volume 1,1% above that recorded in 2022.

However, when fossil CO2 emissions and emissions from land use change are added together, total should increase to 40,9 billion tons at the end of 2023. 

O numerous Clinic is higher than that of 2022, when they would have been issued 40,6 billion tons, which confirms the distance that persists in relation to the global climate goals to be met, which should be “urgent”, according to the report.

The research also highlights that emissions observed this year suggest that atmospheric concentrations of CO2 reached, on average, 419,3 parts per million, around 51% above pre-industrial levels.

Furthermore, according to the study, if current levels persist, there is a 50% probability that the world's global temperature will exceed, within seven years, the normalized limit of up to 1,5°C above the thermal levels of the pre-industrial era.

According to the report, all countries need to decarbonize their economies faster than at present to avoid the worst impacts of climate change.

According to the indicators, the CO2 emissions in 2023 are expected to increase na India (8,2%) and in China (4,0%), and decrease na European Union (-7,4%), in United States (-3,0%) and in rest of the world (-0,4%). By source type, global emissions from coal (1,1%), oil (1,5%), and gas (0,5%) are projected to increase.

“These are frightening numbers, the result of years of omission by those who could, but fail to implement solutions to the climate crisis. We are facing a clear announcement of more climate disasters”, said Marcio Astrini, executive secretary of the Climate Observatory.

The Global Carbon Project report is produced annually by a team of more than 120 scientists from institutions and universities in more than 90 countries. The study reached its 18th edition in 2023 and provides an update on C02 emissions on the planet and its possible effects on the planet.  

Global commitment

During COP 28, held in Dubai, United Arab Emirates, a group of 118 countries – including Brazil – committed to tripling their renewable energy capacities by 2030, due to all the problems involving the climate. 

The movement was led by powers such as the European Union, the United States and the United Arab Emirates. In addition to Brazil, countries such as Australia, Japan, Canada, Chile and Nigeria also signed the global pact.

At the world climate meeting, Brazil announced that it will invest more than R$20 billion to finance projects aimed at promoting renewable energy, bioeconomy and decarbonization of industry. 

COP 28: Brazil and more than 100 countries promise to triple the production of clean energy by 2030