Global CO2 emissions projected to decline in 2026 on high oil prices, renewables
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Uruguay has transformed its energy matrix since the 2008 crisis, now deriving nearly all electricity from renewables, positioning itself as a global climate leader. The article highlights the country's success in reducing oil and gas dependence, though it does not specify current fossil fuel import levels or the exact renewable share. This matters as a case study for energy transition policy, but has limited immediate market impact.
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