EU ETS emissions increased in 2010 but remain well below pre-crisis level
Emissions of greenhouse gases from businesses participating in the EU Emissions Trading System (EU ETS) increased by over 3% last year, according to the information provided by Member State registries.
Climate Action Commissioner Connie Hedegaard said: "The emissions increase in 2010 reflects the economic recovery, but even after the economy coming back to normal, the EU ETS emissions remain well below the cap for the 2008-2012 trading period. The figures also show that some industrial sectors continue to build up a surplus of allowances to be traded in the third trading period starting in 2013. This highlights the flexibility that emissions trading offers to businesses and also confirms that more can be done to reduce emissions in the next phase at a reasonable economic cost"