The Global Carbon Budget is produced by 76 scientists from 57 research institutions in 15 countries working under the umbrella of the Global Carbon Project (GCP). The budget, now in its 13th year, provides an in-depth look at the amount of fossil fuels that nations around the world burn and where it ends up.

2018 Global Carbon Budget

Global carbon dioxide emissions set to hit record after rising strongly in 2018

Global emissions of carbon dioxide from fossil fuels and industry are projected to rise for the second consecutive year in 2018, by more than 2 percent to a new record, mainly due to sustained growth in oil and gas use, according to a leading scientific study released on Wednesday.

The projection by the Global Carbon Project estimates that CO2 emissions will rise a projected 2.7 percent, with an uncertainty range between 1.8 percent and 3.7 percent. In 2017, carbon emissions grew by 1.6 percent after a three-year hiatus.

The projection comes from the 2018 Global Carbon Budget, published on Wednesday by the Global Carbon Project in the journals Nature, Earth System Science Data and Environmental Research Letters. GCP is sponsored by Future Earth and the World Climate Research Programme.

The announcement comes as nations meet in Katowice, Poland, for the annual United Nations climate negotiations (COP24).