120% over target... whoops

"The new documents come as the climate crisis is nearing a tipping point, with average temperatures currently on pace to rise by 3.2 degrees Celsius above the baseline average temperature at the start of the industrial era, according to United Nations projections published in November. A separate study last month found the world’s 10 biggest fossil fuel-producing countries are on course to drill 120% more oil, gas and coal by 2030 than would be consistent with keeping warming within 1.5 degrees Celsius, beyond which scientists project catastrophic change."

in-depth explanation of the efficiency of increasing developed country public spending on clean energy research and development, which through technology spillover can benefit developing countries, not punish them, unlike cruder methods like carbon limits, criticized as disproportionately hurting developing countries that are most reliant on fossil fuel for economic growth