China’s falling emissions amid Iran war spark hope of decarbonisation watershed

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Oil consumption plummets and EV sales soar as analysts say demand may not fully return even if crude price falls China’s carbon dioxide emissions fell by 1% after the outbreak of the US-Israeli war on Iran, thanks to a sharp reduction in oil consumption and a steady rise in the use of electric vehicles and public transport, analysis shows. The report reveals the role of clean energy in cushioning the price shocks ca…

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