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

The Quick Take

A decline in fuel use in China’s industrial sector has led to a 3.1% 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 transpor