ETS emissions decreased by more than 2% in 2011 despite expanding economic recovery
Emissions of greenhouse gases from installations participating in the EU Emissions Trading System (EU ETS) decreased by more than 2% last year, according to the information provided by Member State registries.
Despite an expanding European economy, verified emissions of greenhouse gases from the installations covered by the EU ETS dropped to 1.889 billion tonnes of CO2-equivalent last year, more than 2% below the 2010 level.
Commenting on this data, Commissioner Connie Hedegaard said: ''ETS Emissions decreased by more than 2% in 2011 despite an expanding economic recovery. This good result shows that the ETS is delivering cost-effective emissions reductions. It also emphasizes why the ETS remains the engine to drive low-carbon growth in Europe. However, there is still a growing buffer of unused allowances. This is why the Commission, as announced last month, is now reviewing the time profile of phase 3 auctions with a view to reducing the number of allowances for auction in the early years of phase 3''.