Verified emissions of greenhouse gases from stationary installations participating in the EU Emissions Trading System (EU ETS) amounted to 1,812 million tonnes of CO2-equivalent in 2014, down by about 4.5% from the previous year, according to the information recorded in the Union Registry.
The EU ETS covers more than 11,000 power plants and manufacturing installations in the 28 EU Member States, Iceland, Norway and Liechtenstein, as well as emissions from airlines flying between European airports.
Verified CO2 emissions from aviation activities carried out between airports located in the EEA amounted to 54.9 million tonnes of CO2 in 2014, up 2.8% from 53.4 million tonnes of CO2 in 2013.
Stressing that the overall decline in emissions was achieved despite an increase in economic growth, European Commissioner responsible for Climate Action and Energy, Miguel Arias Cañete said that this showed that economic growth and climate protection could go hand in hand. “This sends a powerful signal ahead of the new global climate deal to be agreed in Paris this December: carbon markets deliver cost-effective reductions,” he said.
Companies' level of compliance with the EU ETS rules was again high. Less than 1% of the installations which reported emissions for 2014 failed to surrender allowances covering all their emissions by the deadline of 30 April 2015.
Under the EU ETS, installations are required to submit their verified emissions data for each year to Member State registries. For 2014, this data became publicly available on the European Union Transaction Log (EUTL) on 1 April 2015. The EUTL displays compliance data from 4 May 2015, with information on whether installations have complied with their obligation to surrender an amount of allowances equal to the last year's verified emissions.
For more information:
http://europa.eu/rapid/press-release_IP-15-4987_en.htm
http://ec.europa.eu/clima/policies/ets/registry/index_en.htm