"Emissions regulated under Europe’s carbon market rose for the first time
in seven years in 2017 due to stronger industrial output, data
published on Tuesday by the European Commission and examined by carbon
analysts at Thomson Reuters showed.
Around 45 percent 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 ETS is expected to contribute around two
thirds of the reductions needed to meet the EU’s target of slashing
emissions by 20 percent from 1990 levels.
According to the
analysts’ interpretation of the data, emissions totalled 1.756 billion
tonnes of CO2 equivalent (CO2e) last year for companies under the ETS
excluding airlines, up 0.3 percent on the previous year.
Capped
emissions from power and heating generation fell by 1 percent, but the
overall figure was lifted by a 1.8 percent rise in emissions from
industry.“The European economy grew 2.5 percent last year. Solid
growth in the European economy resulted in increased activity leading
to higher emissions,” Ingvild Sorhus, lead carbon analyst at Thomson
Reuters, said.
(...) "
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