Carbon Market Data publishes key figures on the European emissions trading scheme for the year 2008

0

Source: Carbon Market Data

Carbon Market Data, a European company providing carbon market research and IT services, issued a data summary on the recent release of the EU Emissions Trading Scheme‘s 2008 verified emissions reports.

Based on Carbon Market Data calculations, the EU emissions trading scheme (EU ETS) installations were short by 145 Mt in 2008 (they emitted 145 million tonnes CO2 more than they were allowed). This figure is derived from the verified emissions data submitted so far by approximately 85.3% of the 12,215 installations currently included in the trading scheme. It shows that EU ETS installations emitted – in total – 7.7% more CO2 than the number of allowances they received for free.

These figures do not include Bulgaria, Cyprus and Malta.

These figures do not include either so-called “new entrant reserves” allowances, which are distributed for free to new installations and to installations expanding the volume or the nature of their activities.

In 2008, 23 EU countries allocated so far to their installations a total of 1860 million allowances (an allowance is a permit to emit one tonne of carbon dioxide). Verified emissions data submitted so far show that these installations emitted during the same period 1976 MtCO2. This represents an average decrease of 3% per installation in 2008 over 2007 (this figure takes into account only the installations that have submitted their emissions report). This figure includes new installations commissioned in 2008.

To read the FULL article with information on the 15 biggest CO2 emitters of the EU emissions trading scheme, go to:

http://www.carbonmarketdata.com/pages/news.php

Customer comments

No comments were found for Carbon Market Data publishes key figures on the European emissions trading scheme for the year 2008. Be the first to comment!