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Emissions in EU ETS decreases 4.5 percent in 2014

Xinhua, May 18, 2015 Adjust font size:

Emissions of greenhouse gases from installations participating in the European Union Emissions Trading System (EU ETS) have decreased by about 4.5 percent in 2014, the European Commission said in a press release Monday.

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 emissions of greenhouse gases from stationary installations amounted to 1,812 million tonnes of CO2-equivalent in 2014, about 4.5 percent below the 2013 level.

European Commissioner responsible for Climate Action and Energy Miguel Arias Canete said: "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."

Under the EU ETS, installations are required to submit their verified emissions data for each year to member state registries.

The third trading period of the EU ETS began on Jan. 1, 2013 and runs for eight years until Dec. 31, 2020. Endit