Abstract There is significant interest in utilizing hydrogen as an energy carrier in a net-zero carbon energy economy. A variety of fundamental and practical issues associated with premixed hydrogen/methane combustion must be addressed, particularly flame flashback, combustion instabilities, and NOx emissions. Significantly less attention has been given to CO emissions from hydrogen blending. However, recent H2 blending engine tests have clearly noted major reductions in CO emissions, reductions which substantially exceed what would be expected based upon C atom mass balances in the fuel. Moreover, NOx, CO, and combustor operability always tradeoff with each other, and so, for example, these CO reductions can also enable operational or design modifications to reduce NOx emissions and/or wider operability windows. This paper addresses H2 blending effects on CO emissions, addressing both the direct influences on CO emissions, as well as how it influences NOx–CO tradeoffs. The paper presents computations that differentiate between the kinetic and equilibrium effects of H2 blending, as well as how H2 blending can lead to reductions in both NOx and CO by moving the Pareto front downward. Finally, this work suggests that H2 blending, in addition to its CO2 reductions, can also increase plant operational flexibility and so provide additional value propositions to an evolving electricity market.