New data released on Thursday shows carbon emissions around the world are set to increase for the second consecutive year in 2018, following three years of stable emissions.

The authors of the report, from the Global Carbon Project headquartered in Australia, said global emissions are expected to rise 2.7 per cent in 2018 to reach a record high of 37.1 billion tonnes. 

 Professor Frank Jotzo from the Centre for Climate Economics and Policy, ANU, said some form of carbon pricing will be needed for Australia to get back on track towards its Paris target.

Read the full SBS New story.