World has again failed to reduce CO2 emissions

World is still failing the most important mission in tackling the climate change threat- reducing global level of carbon dioxide (CO2) emissions. In the last week of the May, 2011, carbon emissions were at an all time high level by being measured at 394.97 ppm by the US government's Earth Systems Research Laboratory at Mauna Loa in Hawaii, which represents an increase of almost 1.6 ppm compared to 2010.

Even the post-recession period that caused a certain economic slowdown in many western countries wasn't enough to stop the rise of CO2 emissions on global level. This is mostly because there has been rise of new economic giants, China and India. These two countries combined in 2010 for more than 60% of the energy emissions increase.

The world is getting extremely close to emission level of 400 ppm, a level which many scientists believe we must avoid at any cost if we are to have a decent chance of tackling the climate change. The current annual increase of 1.5-2 ppm is not giving us plenty of reasons for optimism, and world is currently not doing enough to stabilize the amount of greenhouse gases in the atmosphere.

The global economy needs to be decarbonized and this cannot be achieved without the new international climate deal that would oblige all countries to massive CO2 cuts. The difference in opinion between the developed and the developing world has been the main stumbling block in reaching the international unity needed to tackle climate change, and sadly this issue doesn't look to be solved any time soon.

World has to do anything in its power to prevent the 2C temperature increase (an increase which many scientists believe would cause the climate change to run out of control). Without reducing the emissions, and passing beyond the 2C millions of people around the globe will be exposed to frequent extreme weather events, drought, hunger and flooding.

World leaders need to act quickly or else this potential scary scenario will soon become a sad reality, a shameful legacy that will be left to our children and grandchildren to cope with.

The climate talks will soon be resumed in Bonn, Germany and world leaders will yet again fail to reach the final agreement. Why? Because individual interests still outweigh global interests, and most of all because the humanity’s real values have been blinded by the greed for more money and more power.