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Fossil fuel pollution is set to rise to 37.4 billion metric tons this year, an increase of 0.8% from 2023, areport found. Global emissions from coal, oil and gas are all projected to increase.

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“The impacts of climate change are becoming increasingly dramatic, yet we still see no sign that burning of fossil fuels has peaked,” said Pierre Friedlingstein, a climate professor at the University of Exeter, who led the study, published Tuesday by the Global Carbon Project, a consortium of scientists.

Emerging Stocks in Clean Energy Sector Stock Market Insights Today ✌️【Value Investing】✌️ Free real-time stock data analysis to help you capture global market trends and steadily grow your capital. While fossil fuels make up the bulk of planet-heating pollution, the other main source is land-use change, including deforestation. Those emissions are also set to go up in 2024, according to the report, exacerbated by this year’s severe droughts and fires.

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Emerging Stocks in Clean Energy Sector Stock Market Insights Today ✌️【Value Investing】✌️ Precise stock market trend predictions with free real-time quotes for India stocks, US stocks, and European stocks to help you seize the best investment timing. There was some more positive news: emissions are set to decline in the US and Europe, and China’s emissions are slowing, and could even see a decline this year, the research projected. But that progress is offset by increases in much of the rest of the world, including India.

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Emerging Stocks in Clean Energy Sector Stock Market Insights Today ✌️【Value Investing】✌️ Expert market predictions with real-time global market, futures, metals, and energy data to help you stay in tune with market trends. A UN report published in October said global carbon emissionswere slowly plateauingand had raised the possibility they could fall this year.

Fossil fuel pollution needs to roughly halve over this decade to keep global warminglower than 1.5 degrees Celsius, a threshold countries have pledged to try to stay below in the Paris climate agreement.

Climate change is already having catastrophic impacts. But scientists warn that at 1.5 degrees, it begins to exceed the ability of humans and the natural world to adapt — including potentially triggeringdevastating climate tipping points.

Humanity has already lived through12-month periods above this critical climate limitbut scientists are more concerned about longer timeframes. Tuesday’s study estimates that at current rates of emissions, there is a 50% chance the world will breach 1.5 degrees consistently in about sixyears.

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“Time is running out,” Friedlingstein said, adding, “world leaders meeting at COP29 must bring about rapid and deep cuts to fossil fuel emissions.”

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