Can carbon capture live up to the hype?

illuminem summarizes for you the essential news of the day. Read the full piece on The Guardian or enjoy below:

🗞️ Driving the News: Global carbon emissions from fossil fuels in 2023 are at a record high, with a 1.1% increase from 2022  
• The Global Carbon Project's report indicates an alarming rise in CO2 emissions, now reaching 40.9 gigatons.

🔭 The Context: Despite a slowdown in emission growth over the past decade, annual increases persist  
•  A Climate Action Tracker report suggests future warming projections are now slightly higher than those made two years ago.

🌍 Why it Matters for the Planet: This escalation in emissions threatens the global carbon budget, essential for limiting temperature rise to 1.5C above pre-industrial levels. The current rate of emissions could exhaust this budget in just seven years

⏭️ What's Next: Amidst the Cop28 climate summit in Dubai, there's a pressing need for decisive action against fossil fuel emissions. However, efforts to phase out fossil fuels are still limited, with few governments supporting a non-proliferation treaty

💬 One Quote: “The impacts of climate change are evident all around us but action to reduce carbon emissions from fossil fuels remains painfully slow." - Pierre Friedlingstein, University of Exeter

📈 One Stat: Emissions from international flights and shipping have surged, with an expected increase of 11.9% in 2023, primarily driven by rising aviation emissions.

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