Greenhouse gas emissions under the EU Emissions Trading System

Greenhouse gas emissions from power and industry covered by the EU Emissions Trading System (ETS) have decreased steadily in the last decade. Carbon pricing, changes in fuel prices and climate policies have driven emission reductions from stationary installations, contributing substantially to meeting EU climate objectives. However, the drop in EU ETS emissions during the COVID-19 pandemic was followed by a rebound in 2021. The existing 2030 target of a 43% reduction compared with 2005 is within reach, but substantial efforts will be needed to achieve the newly proposed target of a 61% reduction. Read more here...