Iran War Set to Drive A Drop in Global Fossil Fuel Emissions in 2026

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The Global Carbon Budget projects fossil-fuel CO2 emissions will fall 0.4% in 2026 to 38.2 billion tons. Researchers attribute the decline partly to an oil shock linked to the Iran war and disruptions around the Strait of Hormuz, alongside rising solar and wind generation.

Global carbon dioxide emissions from fossil fuels are expected to drop by 0.4% in 2026 from a year earlier, due to the oil shock from the Iran war and increased solar and wind power generation, new research by the Global Carbon Project showed on Tuesday.  The 2026 Global Carbon Budget projects 38.2 billion tons of fossil carbon dioxide (CO2) emissions this year, down by 0.4% from last year, amid a slump in emissions from oil as a result of the Hormuz trade and energy price shock, the scientists behind the project said.  “Emissions…