08/04/2022 (Agence Europe) – In 2021, emissions from installations covered by the European Union’s Emissions Trading System (ETS) stood at 1,344 MT, an increase of 7.3% compared to 2020, says an analysis by the Sandbag think tank, based on provisional data released by the European Commission. According to Sandbag, this contributed to a surplus of 1,213 million allowances, which is only 9 million less than at the end of 2019 (1,222 million). This “means that the market stability reserve (a mechanism that is supposed to reduce the surplus of allowances) barely removed enough allowances in 2020 and 2021 to stabilise the surplus, but not to reduce it”, the organisation worries. Among the sectors subject to the ETS, iron and steel experienced the highest year-on-year emissions growth (+13.7%), followed by the electricity and heat sector (+9.8%). See the analysis: https://aeur.eu/f/175 (DG)