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Deep emission cuts give the EU a head start under the Kyoto Protocol
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A new report by the European Environment Agency (EEA) shows that large drop in emissions seen in 2008 and 2009 gives EU-15 a head start to reach and even overachieve its 8 % reduction target under the Kyoto Protocol. Austria, Denmark and Italy, however, need to step up their current efforts until 2012 to ensure that their contribution to the common EU-15 target is delivered. The EEA report also shows that EU-27 is well on track towards achieving its 20 % reduction target by 2020.
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EEA Technical report 8/2005 - Market-based instruments for environmental policy in Europe
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Emissions trading
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(This video has audio)
An explanation of emissions trading.
Source: EU Emissions Trading - An Open Scheme Promoting Global Innovation to Combat Climate Change (Nov. 2004), by the EU Publications Office
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Emissions trading - putting a price on carbon
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The EU Emissions Trading Scheme (ETS) is a world first and a major weapon in Europe's fight against climate change. The innovative system has turned carbon dioxide emissions into a tradeable commodity. They can now be bought and sold like any other of the thousands of products traded on world markets today.
The scheme works by placing a limit or a 'cap' on the amount of carbon dioxide participating installations - currently around 10,500 across the European Union - can emit every year. If an installation emits more than its allowance, it must either pay a very hefty fine or buy surplus allowances from companies that have managed to stay below their limit. The system ensures that overall CO2 emissions from the plants covered are cut in the most cost effective way.
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Emissions trading mindstretcher
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Climate change
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End-user GHG emissions from energy
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Reallocation of emissions from energy industries to end users 2005–2009
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Energy and environment report 2008
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EU Emissions Trading System (ETS) data viewer
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The EU ETS data viewer provides an easy access to emission trading data contained in the European Union Transaction Log (EUTL). The EUTL is a central transaction log, run by the European Commission, which checks and records all transactions taking place within the trading system. The EU ETS data viewer provides aggregated data by country, by sector and by year on the verified emissions, allowances and surrendered units of the more than 12 000 installations covered by the EU emission trading system.
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Interactive data viewers
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EU Emissions Trading System (EU ETS)
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External links
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EU greenhouse gas emissions estimated to increase in 2010, but long-term decrease expected to continue
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The European Union remains well on track to achieve its Kyoto Protocol target for reducing greenhouse gas emissions despite a 2.4 % emissions increase in 2010, according to first estimates by the European Environment Agency (EEA). The 2010 increase follows a 7 % drop in 2009, largely due to the economic recession and growth of renewable energy generation.
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