UN Report Highlights Emissions Trends Amid Global Oil Supply Disruptions

A United Nations report found that global emissions remained largely stable last year compared to the year before, though the consequences of climate change are already causing devastating floods, heatwaves, and crippled economies. While Europe reported sustained emissions reduction, the United States was noted as the only major economy where emissions increased dramatically, partly due to increased electricity demand and policies that boost coal burning.

The report warns that the planet is on track to double its warming in the next 75 years, which could lead to massive sea-level rise and mass extinction. Separately, ongoing wars in Iran are disrupting global oil and gas supply, which impacts international energy markets.