Iran war oil shock pushes fossil fuel emissions down 0.4% in 2026, scientists say

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Carbon dioxide from oil, gas and coal is forecast to fall about 0.4% in 2026, according to the Global Carbon Budget presented at Cop31 in Turkey on Tuesday. Total emissions still rise, from 42.8bn to 43.3bn tonnes, because of deforestation and fires.

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Fossil fuel emissions are set to dip slightly this year. High oil and gas prices after the war in Iran pushed people to use less fuel and switch to cleaner energy, according to the Global Carbon Budget. Scientists presented the annual assessment on Tuesday at the Cop31 climate talks in Antalya, Turkey, The Guardian reported.

Emissions from burning fossil fuels will fall about 0.4% compared with last year, the report found. About 38.2bn tonnes of CO2 will come from oil, gas and coal. Oil emissions dropped 1.9% and gas 0.3%, while coal rose about 0.6%, the Eastleigh Voice reported. According to The Guardian, drivers saved fuel and turned to electric vehicles.

The good news ends there. Total carbon emissions will still rise slightly, from 42.8bn tonnes last year to 43.3bn this year. Deforestation, peat fires and the conversion of wild land to farms pushed land-use emissions up faster than fossil fuels fell, the study warned.

Co-author Glen Peters of the Cicero Centre for International Climate Research called the drop "a little bit of good news, but for the wrong reasons." He said one year of falling emissions is not a peak unless structural change drives it. Bill Hare, chief executive of Climate Analytics, was not involved in the research. He said the 0.4% fall is "statistically indistinguishable from zero."

Country trends differ. China, the world's biggest emitter, is likely to cut its carbon output by close to 1%, mostly because its oil use fell 5%. India's emissions grew strongly on rising coal use. US emissions are likely to fall about 1.3% as less coal is burned, despite President Donald Trump's efforts to boost it, The Guardian reported.

This is the third fall in recent years, after the 2009 economic crisis and the 2020 Covid pandemic. Both times, emissions bounced back once economies recovered, the Eastleigh Voice noted. Scientists also warned that the world's remaining carbon budget is about 150bn tonnes. Beyond that, warming will likely stay above 1.5C for good. At current rates, the budget will run out in less than four years.

More than 90 heads of state and government are at Cop31 for two weeks of talks. Hare said there was little sign of decisive action. He accused Canada, the US and New Zealand of rolling back climate policies. He added that Australia, co-president of Cop31, was still pressing ahead with coal and gas projects.

Sources The Guardian, The Eastleigh Voice, The Star, Kenya

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