More renewables and Hormuz disruption drive emissions fall
Global fossil fuel emissions are projected to fall by 0.4% in 2026, driven by the rapid expansion of solar and wind power and the energy supply shock caused by the Iran war, according to research by the Global Carbon Project.
- “A reduction driven partly by geopolitical shocks is not a sustainable climate solution,” said Pierre Friedlingstein, an Exeter University professor who led the GCP study and was a co-author of the Nature paper.
- At the current rate, the world will deplete its remaining carbon budget aimed at keeping global temperature rises to 1.5℃ in fewer than four years.
- But the decline is not yet fast enough to be durable, an accompanying study published in the journal Nature found.
Emissions from oil are expected to decrease by 1.9%, which is likely a short-term response to the closure of the Strait of Hormuz.
Total carbon emissions are set to rise around 1% this year, as emissions from deforestation and land-use change are projected to increase for the first time in a decade.
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