December 20, 2024
Global fossil fuel carbon emissions are projected to rise to a record high of 37.4 GtCO2 in 2024, up by 0.8% from 2023—China and the U.S. are top emitters. Amid concerns that the window to achieve Paris Agreement targets is fast closing, climate finance flows surpassed $1.5 trillion in 2023, led by significant increases in renewable energy and low-carbon technology.