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Global Carbon Project

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Global Carbon Project: fossil fuel emissions fell 0.4% in 2026, tied to Iran conflict oil shock

A Global Carbon Project analysis led by Corinne Le Quéré estimates that global fossil fuel emissions dropped about 0.4 percent this year, reversing a 1.2 percent rise in 2025. The team attributes the shift mainly to a 1.9 percent decline in oil-related emissions linked to the war in Iran and its impact on oil prices, alongside a smaller 0.3 percent drop in natural gas emissions, even as coal emissions rose 0.6 percent.

Global Carbon Project: fossil CO2 emissions to fall 0.4% in 2026

The Global Carbon Project's 2026 Global Carbon Budget projects fossil fuel CO2 emissions will fall 0.4% to 38.2 billion tonnes, attributing the dip partly to solar and wind expansion and partly to an oil demand drop tied to the Iran conflict. Including land-use emissions such as deforestation, total CO2 output is projected to rise to 43.3 billion tonnes, up from 42.8 billion tonnes in 2025, with the remaining 1.5°C carbon budget now at about 150 billion tonnes.