It's the Emissions Gap Report, which is issued every year. It highlights the difference between the level of greenhouse gas emissions that the world can sustain to keep temperatures within safe limits, with the levels that are likely based on the promises and actions taken by countries. This latest report records the largest gap yet between where we are and where we need to be. In 2017 emissions went up by 1.2% pushed along by higher GDP.
The countries that are falling short of their goals include Argentina, Australia, Canada, the EU (including the UK), South Korea, Saudi Arabia, South Africa and the US. We're just not doing enough. Carbon taxes or carbon trading systems cover only 15% of the global carbon output, which could rise to 20% if China implements its planned market. half of the emissions from fossil fuels are not taxed at all and only 10% are priced at a level consistent with keeping warming to 2C.
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