Science & Tech · Science & Environment · 5 hrs ago

Fossil fuel emissions projected to dip in 2026 as Iran war hits oil use

Fossil fuel emissions projected to dip in 2026 as Iran war hits oil use

The world's fossil fuel emissions are projected to fall 0.4% in 2026, to 38.2 billion tonnes of carbon dioxide.

The Global Carbon Project's estimate covers emissions from burning oil, gas and coal, and comes as countries meet at the UN climate summit in Antalya, Turkey.

The Iran conflict and closure of the Strait of Hormuz pushed oil prices up, reducing oil use and contributing to the projected decline.

More solar and wind power and electric vehicles also helped meet rising energy demand, while coal emissions are still expected to rise.

The decline does not mean total emissions will fall: emissions from land-use change, including deforestation, are projected to push total CO2 emissions to a record 43.3 billion tonnes.

Researchers say clean energy growth has not yet brought a lasting fall in global emissions, and emissions could rebound when oil tensions ease.

The remaining carbon budget for limiting warming to 1.5C is about 150 billion tonnes, which researchers say could be used up in less than four years at current rates.

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What people are saying

Glen PetersStudy co-author and CICERO scientist
So in a way, a little bit of good news, but for the wrong reasons.
via AP
Pierre FriedlingsteinGlobal Carbon Budget Office director and lead researcher
A decline in fossil CO2 emissions is encouraging, but a reduction driven partly by geopolitical shocks is not a sustainable climate solution,
via ABC Australia
Gabrielle KuiperEnergy researcher affiliated with CSIRO
We've reached the tipping point, particularly on EVs.
via ABC Australia
Niklas HöhneNewClimate Institute co-founder
permanent shifts are happening
via AP