New Delhi, June 19 -- The world's carbon budget is rapidly diminishing. A new assessment revealed that 50 per cent of the remaining carbon budget will likely be exhausted in just over three years if the global carbon dioxide (CO2) emissions persist at 2024 levels.

The remaining carbon budget is the net amount of carbon dioxide humans can still emit without exceeding a 1.5-degree Celsius global warming limit.

The remaining carbon budget for 1.5 degrees C, 1.6 degrees C, 1.7 degrees C and 2 degrees C is 130 130 gigatonnes of carbon dioxide (GT CO2), 310 GT CO2, 490 GT CO2 and 1050 GT CO2, respectively.

These findings are a part of the Indicators of Global Climate Change (IGCC), which provides policymakers with annual updates on the lates...