We're in trouble: time to limit future warming to just 2°C has nearly run out
In other words, we've got five years to make a dramatic shift in the sorts of power plants we're building, or there's no way we're going to limit climate change to stated goals. It's also worth noting that the IEA ran a "New Policies" scenario that takes into account all current pledges by national governments. It resulted in much higher emissions and a likely temperature rise of 3.5°C. Still, if the New Policies targets aren't implemented, then the IEA estimates that we would be on track for a rise of 6°C.