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The *Global Carbon Budget* report expects fossil fuel emissions to fall by 0.4% in 2026—the first annual decline since 2020—driven by lower oil consumption after prices rose amid the Iran war and the closure of the Strait of Hormuz, as well as the expansion of renewable energy and electric vehicles, which are meeting two-thirds of the increase in global energy demand. The report estimates fossil fuel emissions at around 38.2 billion tonnes, with gas emissions down 0.3% and coal emissions up 0.6%. However, total carbon dioxide emissions, including land-use change, are projected to rise to 43.3 billion tonnes, from 42.8 billion last year. Researchers warn that the emissions decline linked to the geopolitical shock may be temporary.
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