We've spent the entire semester working under the premise that we need to reduce emissions and we need to do so quickly. The global carbon budget concept helps us understand not only why emissions reductions are important, but more specifically, why they are urgently important.
In 2013, the IPCC released the fifth assessment report - IPCC, 2013: Climate Change 2013: The Physical Science Basis. Contribution of Working Group I to the Fifth Assessment Report of the Intergovernmental Panel on Climate Change which included an overall cap on the cumulative anthropogenic emissions of greenhouse gases possible since industrialization before we hit 2 degrees of warming and the catastrophic impacts it brings along with it. That number? A trillion metric tons. That number is arguably too big for most of us to comprehend, especially as we're thinking about it over a several centuries-long time frame. (If you're curious you can watch this real-time tracker at www.trillionthtonne.org to see where we currently stand.) At the time the report was released in 2013, based on the previous several decades of emissions, they estimated we'd hit that trillionth tonne of emissions somewhere in late November 2040.
This short video (2:21) offers a concise explanation of the carbon budget. Take a look.The carbon budget helps us understand how much carbon we have left to 'spend' before we commit ourselves to various levels of warning. But what does that look like? Let's try to interpret these results. At current (2014 when this graphic was created) emissions levels, we had just 6 years before we reached that budget if we want to confidently contain warming to 1.5 degrees. If we decide we're ok with just shooting for 2 degrees, that stretches our budget out to about 20 years.
Tell me more about carbon budgets
If you want to know more about carbon budgets, see WRI's According to New IPCC Report, the World is on Track to Exceed its Carbon Budget in 12 Years (Levin, 2018).