The World’s Failure to Deliver on Climate Action in Five Charts

There are plenty of reasons to be hopeful about the energy transition -- more drivers are switching to electric cars, the deployment of renewable sources of power continues to grow, and the US may have finally gotten serious about climate action with the Inflation Reduction Act.

But while the general direction of travel may be correct, the pace needs to pick up dramatically. The world is getting uncomfortably close to running out of time to limit global warming to 1.5 degrees C above pre-industrial levels, one of the key goals of the Paris Agreement. In fact, the latest annual Global Carbon Budget report concludes there is a 50% chance this threshold will be breached within the next nine years if the current rate of emissions persists.