Reports and Indices Global Carbon Budget 2022 report The Annual Global Carbon Budget report is based on research from more than 100 scientists from the University of Exeter, the University of East Anglia (UEA), CICERO and Ludwig-Maximilian-University Munich, It provides an annual stocktake of both carbon emissions and carbon sinks. The report was launched at COP 27 in Egypt Key Highlights of the Report The world is projected to spew 40.6 billion tonnes of CO2 (GtCO2) into the atmosphere in 2022, with no sign of the decrease that is urgently needed to limit warming to 1.5 degree Celsius. The projection of 40.6 GtCO2 total emissions in 2022 is close to the highest-ever annual total of 40.9 GtCO2 in 2019. If current emissions levels persist, there is a 50 percent chance that warming of 1.5 degree Celsius will be exceeded in nine years. The projected emissions decrease in China (0.9 percent) and in the European Union (0.8 percent), but increase in the US (1.5 percent), India (6 percent) and the rest of the world (1.7 percent). In India, emissions in 2022 are to increase by 6 percent, driven mostly by a 5 percent increase in coal emissions.