The UN warns that the effects of global climate change are spreading into uncharted territories of destruction as countries fail to set adequate targets to reduce greenhouse gas emissions, CNBC reports.

A report compiled by the World Meteorological Organization (WMO) says the number of disasters related to climate change has increased five-fold over the past five decades, at a cost of $200 million a day.

U.N. Secretary-General António Guterres cited floods in Pakistan, heat waves in Europe, and record drought in parts of the United States and China as failures to combat climate change and curb fossil fuel production. There is nothing natural about the new scale of these disasters. This is the price of humanity's dependence on fossil fuels, Guterres said in a statement.

"This year's United in Science report shows climate impacts heading ... this fossil fuel addiction, even as the symptoms get rapidly worse," Guterres said.

The report, citing data compiled by several UN agencies and partners, says that global commitments to mitigate climate change are not enough to meet the goals of the Paris Agreement, as greenhouse gas concentrations continue to reach new highs.

Global climate commitments for 2030 must be four times higher to limit global warming to 2 degrees Celsius, and seven times higher to achieve a global warming limit of 1.5 degrees Celsius.

Scientists have stated that there is a 48 percent chance that the global temperature increase from pre-industrial times will reach 1.5 degrees Celsius in the next five years.