María José Sanz
Scientific Director of the BC3 Basque Centre for Climate Change
The Global Carbon Budget reveals the latest trends in global carbon emissions and the ramifications for achieving our global climate goals. It has addressed this challenge by focusing comprehensively on the global biogeochemical cycles that govern greenhouse gases, including their natural and human drivers. Its estimates are based on transparent and scientifically sound methodologies. It began publishing its annual assessments regularly in 2006, accompanied by a description of how the estimates are made and the methodological improvements included.
The Global Carbon Project was established in 2001 to help the international scientific community establish a common and agreed knowledge base on the evolution of atmospheric CO2 concentrations and their drivers.
The Global Carbon Budget [one of the Global Carbon Project's reports] is contributed to by more than 100 experts from multiple scientific organisations. It provides us with consistent, quality global information on trends in carbon emissions and sinks, which is key information for determining progress towards the Paris Agreement goals. It is widely recognised as the most comprehensive report of its kind. It is updated annually and published at the COP meetings each year.
This latest edition shows that many countries have succeeded in reducing their fossil CO2 emissions or slowing their growth, with continuing trends towards decarbonisation (i.e. decreasing CO2 emissions per unit of energy) in most countries, as well as globally, where stabilisation is observed. However, there are still no signs of the rapid and deep decline in totalCO2 emissions that is needed to tackle climate change. Total CO2 emissions, although stabilising in the last decade (2014-2023), compared to strong growth of 2% per year over the previous decade, are not on a downward trajectory towards net zero. They have noted the projected increase in emissions due to land-use change in 2024 (0.5 GtCO2 above the 2023 level) that has been driven by emissions from fires in South America and drought conditions associated with temporary El Niño conditions. They have estimated that climatic conditions reduced the terrestrial sink by 27% in the last decade due to warming and reduced precipitation.
Their limitations stem from the existence of and access to good quality empirical data, which the Global Carbon Project itself has helped to foster by increasingly integrating different communities of experts, and the need, in these cases, to derive this information indirectly.