China’s Carbon Emissions Plunge 3.1% as Oil Demand Slumps

1% decline in carbon dioxide emissions in the third quarter of the year, the Finnish climate outlet Centre for Research on Energy and Clean Air has reported, as cited by Reuters. The lower emissions from the world’s largest generator of CO2 resulted from a 4% drop in crude oil consumption, CREA said, adding that fuel use in transport dropped even more markedly, by 9% in the three-month period.

3%, while wind and solar curtailment—or waste—fell, too. “The sharp decline ‌in China's CO2 emissions extends a 'flat or falling' trend that began in March 2024 and has now lasted more than two years,” CREA analysts wrote.