EU carbon market emissions (excluding aviation) fell 8.7% in 2019
(EurActiv, 2 Apr 2020) Greenhouse gas emissions regulated under Europe’s carbon market fell by 8.7% last year, according to preliminary like-for-like European Commission data examined by carbon analysts at Refinitiv.
Around 45% of the European Union’s output of greenhouse gases is regulated by the Emissions Trading System (ETS), the bloc’s flagship policy to tackle global warming by charging for the right to emit carbon dioxide (CO2).
The Refinitiv carbon analysts’ interpretation of the data found stationary emissions covered by the scheme such as power plants and factories, totalled 1.536 billion tonnes of CO2 equivalent (CO2e), down 8.7% on the previous year.
The fall was largely due to a drop in emissions from power generation as coal-fired output was replaced by gas-fired generation and renewable power such as wind and solar