SECTORAL POLICIES / Climate

ETS – European Commission reports 37.3% reduction in emissions in electricity and heavy industry sectors

Brussels, 02/11/2023 (Agence Europe)

On Tuesday 31 October, the European Commission adopted a report detailing the operation and impact of the EU Emissions Trading Scheme (ETS) for 2022 and the first half of 2023. The ETS, which regulates almost 36% of the EU’s greenhouse gas emissions, continues to be a major tool in Europe’s pursuit of a green transition.

This document highlights a steady decline in emissions, in line with the EU’s climate objectives, which aim for a reduction in emissions of at least 55% by 2030,...