As per Reuters, the announcement comes as worldwide governments are in talks at UN's COP28 in Dubai to phase out fossil fuels, such as oil and coal, some of the largest sources of greenhouse gas emissions in the world.

Between January and November, the global average temperature registered by scientists was 0.13 degrees Celsius higher than that of 2016, which currently holds the unwanted crown of the warmest year on record.

According to Samantha Burgess, deputy director of C3S, 2023 already "has now had six record breaking months and two record breaking seasons. The extraordinary global November temperatures, including two days warmer than 2 degrees Celsius above preindustrial, mean that 2023 is the warmest year in recorded history."

C3S director, Carlo Buontempo added that we can't fight these results and can't expect improvements over the next year if concentrations of greenhouse gas emissions continue to increase.

"The temperature will keep rising and so will the impacts of heatwaves and droughts. Reaching net zero as soon as possible is an effective way to manage our climate risks", he explained.

The EU is one of the most ambitious large economies in the world when it comes to climate policies, as European officials want to reduce emissions by 55% by the next decades, compared to 1990 levels. According to analysts, this is the minimum effort required so that we meet our climate targets by mid-century.