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Emissions trading: EU ETS emissions fall more than 11% in 2009

18/05/2010

Emissions of greenhouse gases from EU businesses participating in the EU Emissions Trading System (EU ETS) fell 11.6 % in 2009 compared with a 2008, according to the information provided by Member State registries.

Climate Action Commissioner Connie Hedegaard said: "Due to the crisis the significant drop in emissions does not come as a surprise. The EU has a functioning trading system driving emission reductions even during a recession. We should not hide that the recession has significantly weakened the price signal. The carbon market can and should be a stronger driver for low-carbon investments. And we must also realise that because of the crisis it suddenly became easier to reduce emissions and that is good. Unfortunately that also means that European business did not invest nearly as much as planned in innovation, which could harm our future ability to compete on promising markets."

2009 emissions data

Verified emissions of greenhouse gases from all installations in the EU ETS in 2009 totalled 1.873 billion tonnes of CO2-equivalent. 2009 were about 11.6% lower than the 2008 level.

The drop in emissions is in line with widely held expectations and analyst forecasts provided months ahead of the data release. It is attributed to several factors. Firstly, the reduced economic activity as a result of the recession and secondly, the low level of gas prices throughout 2009 which has made it much more attractive to produce power from gas rather than more emitting coal. Furthermore, the carbon price in phase 2 (2008-2012) of the EU ETS has surely also resulted in companies changing behaviour and reducing emissions.

High level of compliance

Of all the installations participating in the scheme last year, 2 % did not surrender the required quantity of allowances by the deadline of 1 May 2010. These installations are typically small and together they account for less than 2% of emission captured in the EU ETS. 

3% of the installations failed to submit verified emissions for the year 2009 before 1 May 2010.

Continued but limited use of international credits

Since 2008 it is possible for installations to surrender international emission reduction credits generated through the Kyoto Protocol’s flexible mechanisms1 in order to offset part of their emissions. In 2009, CERs accounted for 4,1% of all surrenders. 52% of these originated in China, 21% in India, 14% in South Korea and 9% in Brazil, with a further 19 countries of origin accounting for the remaining 4%.

ERUs accounted for only 0.17% of all surrenders. The combined CER and ERU surrenders used up since 2008 only roughly 12% of the approximately 1.4 billion credits that are allowed over the 2008-2012 trading period.

Total surrenders for 2009 emissions 1.923.221.174 100,0%
CERs and ERUs 81.975.108 4,3%
Allowances allocated for free or allowances purchased at auction 1.841.246.066 95,7%

Background

The second trading period of the EU ETS began on 1 January 2008 and runs for five years until 31 December 2012. This period coincides with the period during which industrialised countries must meet their Kyoto Protocol emission targets. The EU ETS will be substantially reformed for the third trading period, which will start on 1 January 2013 and run until 2020. The legislation revising the Emissions Trading Directive was adopted as part of the EU climate and energy package on 23 April 2009 (IP/09/628).

Under the EU ETS, installations are required to submit their verified emissions data for each year to Member State registries. For 2009 this data became publicly available on the Community Independent Transaction Log (CITL) on 1 April 2010. From 15 May onwards the CITL also displays compliance data, with information on whether installations have complied with their obligations to surrender an amount of allowances equal to last year's verified emissions.

Further information:

The CITL Startseitepage
http://ec.europa.eu/environment/ets/

The registries Startseitepage of Generaldirektion Klimapolitik on EUROPA
http://ec.europa.eu/environment/climat/emission/citl_en.htm

The revised ETS and Frequently Asked Questions
http://ec.europa.eu/environment/climat/emission/ets_post2012_en.htm

1 The Clean Development Mechanism (CDM) generates credits known as Certified Emission Reductions (CERs); credits from the Joint Implementation mechanism are called Emission Reduction Units (ERUs). See http://ec.europa.eu/environment/climat/emission/linking_en.htm

Annex

MS Allocation Verified Emission (1) No of Installations
  Year 2008 Year 2009 Year 2008 Year 2009  
Austria 30.151.582 31.864.806 32.003.648 27.283.950 222
Belgium 55.384.483 56.797.576 55.463.954 46.206.938 357
Bulgaria 38.300.672 40.578.499 38.300.733 31.997.215 141
Cyprus(2) 4.815.089 4.815.090 5.576.646 84.286 13
Czech Rep 85.559.188 85.902.427 80.400.465 73.757.440 421
Germany 388.770.697 392.298.971 472.662.443 428.180.008 1971
Denmark 23.983.428 23.912.314 26.545.260 25.461.030 403
Estonia 11.678.257 11.855.527 13.540.891 10.322.875 54
Spain 154.049.240 150.990.564 163.455.464 136.931.407
Finland 36.530.616 37.071.449 36.163.675 34.289.536 649
France 129.568.044 128.665.409 124.083.131 111.072.187 1122
UK 214.273.292 217.028.432 265.064.061 231.936.035 1125
Greece 63.685.092 63.246.705 69.853.893 63.661.572 157
Hungary 25.044.006 23.917.066 27.236.610 22.401.259 265
Ireland 19.971.011 19.971.563 20.381.722 17.215.223 122
Italy 211.752.175 203.972.455 220.661.994 184.799.623 1124
Liechtenstein(2) 21.102 19.497 19.883 13.379 2
Lithuania 7.509.636 7.573.712 6.103.720 5.786.742 114
Luxemburg 2.488.229 2.488.229 2.098.895 2.181.694 15
Latvia 2.938.649 3.532.491 2.742.918 2.489.797 112
Malta 2.107.837 2.121.453 2.018.585 1.897.113 2
Netherlands 76.756.732 83.834.170 83.510.582 81.069.057 437
Norway 7.529.474 7.957.234 19.342.244 19.216.690 115
Poland 200.957.640 200.957.640 204.107.419 190.970.170 932
Portugal 30.496.609 30.505.835 29.930.079 28.260.550 278
Romania 71.582.795 73.711.219 64.068.627 48.597.209 262
Sweden 20.774.672 21.104.158 20.068.615 17.480.399 802
Slovenia 8.214.360 8.216.051 8.860.105 8.067.023 100
Slovak Rep 32.166.094 32.476.719 25.336.706 21.595.209 197
TOTAL 1.957.060.701 1.967.387.261 2.119.602.968 1.873.225.616 12622

(1) Verified emissions for all installations with open or closed accounts in CITL (i.e. including new entrants and closed installations). As the CITL is constantly receiving information (including corrections of verified emissions data, new entrants and closures), aggregations carried out after 30 April 2009 might give a different result

(2) 2009 verified emissions for Cyprus and Liechtenstein are not complete and should not be used as a basis for comparison

Letzte Aktualisierung: 18/05/2010 | Seitenanfang