The Global Carbon Project has released its 2012 carbon budget.

This is an informative update on greenhouse gas emission figures and analysis of trends. These latest figures reveal that despite 20 years of climate change talks and the global financial crisis and its aftershocks, carbon emissions have increased a massive 54% since 1990.

Observed emissions are tracking at the worst case IPCC scenarios making it even less likely that global warming will remain below 2degrees centigrade, the level that world leaders have committed to achieve.

The trajectory shows that the likely range of global temperatures in the year 2100  will be 4 – 6.1 degrees C. That is “without  immediate, significant and sustained global mitigation, with a probable reliance on net negative emission in the longer term”.

Lets hope our political and business leaders take heed.

Download the report at http://www.globalcarbonproject.org/carbonbudget/index.htm