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EU ETS is working, according to stats

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World Cement,

Information on the European Commission Union Register shows that emissions of greenhouse gases from those installations participating in the EU Emissions Trading System (ETS) are estimated to have decreased by about 4.5% in 2014 compared to 2013. The EU ETS covers more than 11 000 power plants and manufacturing installations in the 28 EU member states, Iceland, Norway and Liechtensten, as well as emissions from airlines flying between European airports.

European Commissioner responsible for Climate Action and Energy, Miguel Arias Cañete said: "Even while our economies are getting back in the growth track, emissions continue to decrease. This once again shows that economic growth and climate protection can go hand in hand. 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. At the same time, the recession continues to have a lasting impact on our carbon market. I therefore warmly welcome the ambitious political deal on the Market Stability Reserve agreed by the Parliament and the Council very recently."

Greenhouse gas emissions from stationary installations amounted to 1812 million t of CO2-equivalent in 2014.

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