To keep global warming below the target level of two degrees Celsius, the U.N. climate panel says the world must keep fossil fuel emissions to around one trillion tons of carbon dioxide. At current emissions rates, that amount will be reached in just 30 years, maybe even less. Less than $400 billion a year is being spent to reduce emissions or adapt to climate change. By contrast, energy corporations are spending over $600 billion to find new sources of CO2 extraction, and governments are spending that same amount on subsidizing fossil fuel consumption. The IPCC’s report is its fifth and final assessment on climate change ahead of global negotiations in Paris next year. Democracy Now! will be covering the U.N. climate talks from Lima, Peru, next month.