Global Carbon Budget projects 0.4% dip in 2026 fossil fuel emissions
1 report, 1 independent
Updated Wed 00:00
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What happened
The latest Global Carbon Budget projects that global oil, gas, and coal emissions will fall by 0.4 percent in 2026. This decline is attributed partly to the Iran war and partly to countries like New Zealand adopting renewables. However, total emissions are projected to reach a record 43.3 billion tonnes due to increases in peat fires, deforestation, and dry El Niño conditions.
From scoop.co.nz
Why it matters
The report notes that while fossil fuel emissions are slightly down, the overall reduction is not seen as a structural response to climate change. Experts state that the slight drop is driven as much by the Iran war as by climate action, despite China tracking downwards in its emissions.
From scoop.co.nz
Who's involved
- International Energy AgencyPublishes the Global Carbon Budget report