GSI Reports at COP 28 -The Global Carbon Budget 2023

The Global Carbon Project is an international research project within the Future Earth research initiative on global sustainability, and a research partner of the World Climate Research Programme. It aims to develop a complete picture of the global carbon cycle, including both its biophysical and human dimensions, together with the interactions and feedbacks between them. Since 2006, as part of the Global Carbon Project, the Global Carbon Budget (GCB) has provided a wealth of information on carbon emissions and the ramifications for reaching the global climate goals. GCB 2023 is the 18th edition of the annual update.

GCB 2023 shows that global fossil CO2 emissions are projected to rise 1.1% in 2023 (range 0.0% to 2.1%), reaching 36.8 billion tonnes of carbon dioxide (GtCO2), with rises expected in all fuel types (coal, oil, natural gas). This brings fossil CO2 emissions to a record high, and 1.4% above the 2019 pre-COVID-19 levels. Emissions are declining in 26 countries, representing 28% of global emissions, and emissions growth is slowing in other countries; importantly, these efforts remain insufficient to reverse the growth in global fossil fuel emissions. 

https://globalcarbonbudget.org/

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