More work needed to fix that, but we are on the right track. You can't get to lower total emissions without all the steps in between. First lower the rate of increase compared to the previous year (done), then decrease the rate compared to the previous year, (done for this year anyway, time will tell), then decrease the rate even more every year, until finally we get to net negative (a very hard place to get - not impossible, the earth is naturally slightly net negative)
We're on the very, very wrong track, but it could have been even worse.