Annual report 2023

This report unpacks the global carbon footprint from Australia's exported fossil fuels, especially coal and gas; exports that are set to continue at the same level through to 2035, threatening the 1.5˚C warming limit. 
Australia has a global carbon footprint that far exceeds its economic size and population - and is responsible for around 4.5% of global fossil carbon dioxide emissions, with 80% of those emissions coming from its fossil fuel exports.

Current climate policies are putting Earth on a path to a high risk of triggering climatic tipping points – even if temperatures return to below 1.5°C of global warming after a period of overshoot. A new study finds that the risk of crossing these thresholds increases with every additional 0.1 °C of overshoot above 1.5 °C and strongly accelerates above 2.0 °C. These risks can be minimised if stringent emissions reductions are taken in the next decade, and net zero greenhouse gas emissions are met and maintained.

Calculating financing needs to respond to loss and damage requires response activities to be costed. However, comprehensive assessments of current and future loss and damage costs are largely unavailable. This briefing proposes using existing databases as proxies in the interim.

The Article 6.4 mechanism, now known as the Paris Agreement Crediting Mechanism, allows countries to trade reductions in carbon emissions in a manner that goes beyond zero-sum offsetting, to achieve their commitments under the Paris Agreement. This briefing aims to update Small Island Developing States and Least Developed Countries on the standards and procedures that have been adopted by the supervising body (Article 6.4) to inform the design of projects.

In this briefing, the Climate Action Tracker highlights the four key elements needed from the next round of NDCs for 2035: they need to be ambitious, fair, credible, transparent, and include aspects of climate finance and a just and fair transition.

Loss and damage from climate change has been the lived reality of Caribbean small island developing states (SIDS) for decades. Despite efforts to adapt, it is reversing development gains, leaving lasting financial stress, and causing irreparable damage, including the loss of cultural heritage. This report is the first to provide a systematic overview of how Caribbean countries are framing and reporting on loss and damage.

The authors propose creating an international federation of research institutions that improve the quality and accessibility of Earth systems data. The purpose is to empower all people to respond to the immense and urgent challenges posed by climate change.

Researchers have assessed the extent human-induced climate change altered the likelihood and intensity of the weather conditions that caused the flooding in the United Arab Emirates and the northern parts of Oman in April 14–15 2024. The region was hit by exceptionally heavy rainfall causing massive disruption in infrastructure and public life in the area and leading to at least 20 fatalities in Oman and four in the UAE.