I show that for high chance of staying under 2 C (~ 90 % or more), we have run out of carbon budget, and for even coming close to the desired target of ~ 1 C, we have not only run out of carbon budget, but have accumulated
substantial carbon debt.
At best, there is no carbon budget left, and at worst (depending on the temperature target selected), we have run up
substantial carbon debt.
A new study finds oil palm plantations store less carbon than previously believed, suggesting that palm oil produced through the conversion of tropical forests carries
a substantial carbon debt.
It means we have not only run out of carbon budget, but we have accumulated
substantial carbon debt.
We have run out of carbon budget, and are in
substantial carbon debt.