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IP/11/581

Brussels, 17 May 2011

Emissions trading: EU ETS emissions increased in 2010 but remain well below pre-crisis level

Emissions of greenhouse gases from businesses participating in the EU Emissions Trading System (EU ETS) increased by over 3% last year, according to the information provided by Member State registries.

Climate Action Commissioner Connie Hedegaard said: "The emissions increase in 2010 reflects the economic recovery, but even after the economy coming back to normal, the EU ETS emissions remain well below the cap for the 2008-2012 trading period. The figures also show that some industrial sectors continue to build up a surplus of allowances to be traded in the third trading period starting in 2013. This highlights the flexibility that emissions trading offers to businesses and also confirms that more can be done to reduce emissions in the next phase at a reasonable economic cost''

2010 emissions data

The EU ETS covers more than 12,000 power plants and manufacturing installations in the 27 EU member states, Norway and Liechtenstein. Verified emissions of greenhouse gases from these installations1 totalled 1.932 billion tonnes of CO2-equivalent last year, some 3% higher than the 2009 level.

The increase in emissions is in line with widely held expectations and analysts' forecasts ahead of the data release. It can be attributed to the economic recovery following the recession which caused an exceptional 11.6% fall in emissions in 2009.

This increase is however likely to be substantially lower than the rebound in output from the installations concerned given that the average industrial production index in the EU 27 increased by 6.7% in 2010 compared to 20092.

High level of compliance

Companies' level of compliance with the EU ETS rules was high. Only 2% of the installations participating did not surrender allowances covering all their 2010 emissions by the deadline of 30 April 2011. These installations are typically small and together account for less than 2% of emissions covered by the EU ETS. Three per cent of installations failed to submit verified emissions for 2010 by the same deadline.

Increased use of international credits

Since 2008 installations can surrender international emission reduction credits generated through the Kyoto Protocol’s flexible mechanisms in order to offset part of their emissions. CERs3 accounted for 4.7% of all surrenders in 2008-2010. Some 51% of these originated in China, 20% in India, 16% in South Korea and 7% in Brazil, with a further 20 countries of origin accounting for the remaining 6%.

ERUs4 have accounted for only 0.4% of all surrenders since 2008. The combined CER and ERU surrenders since 2008 have used up roughly 21% of the approximately 1.4 billion credits that are allowed over the 2008-2012 trading period.

Total surrenders for phase II emissions 2008-10

5.937.783.272

100,0%

CERs and ERUs

300.670.8725

5,1%

Allowances allocated for free or allowances purchased at auction

5.637.112.400

94,9%

Background

The second trading period of the EU ETS began on 1 January 2008 and runs for five years until 31 December 2012. This period coincides with the period during which industrialised countries must meet their Kyoto Protocol emission targets. The EU ETS will be substantially reformed for the third trading period, which will start on 1 January 2013 and run until 2020. The legislation revising the Emissions Trading Directive was adopted as part of the EU climate and energy package on 23 April 2009 (IP/09/628) laying down revised rules for the ETS after 2012 until 2020 and beyond.

Under the EU ETS, installations are required to submit their verified emissions data for each year to Member State registries. For 2010 this data became publicly available on the Community Independent Transaction Log (CITL) on 1 April 2011. From 16 May onwards the CITL also displays compliance data, with information on whether installations have complied with their obligations to surrender an amount of allowances equal to last year's verified emissions.

Further information:

The CITL homepage

http://ec.europa.eu/environment/ets/

The registries homepage of DG Climate Action on EUROPA

http://ec.europa.eu/environment/climat/emission/citl_en.htm

The revised ETS and Frequently Asked Questions

http://ec.europa.eu/environment/climat/emission/ets_post2012_en.htm

Annex

MS

Allocation

Verified Emission (1)

Year 2009

Year 2010

Year 2009

Year 2010

No of Installations

Austria

31.864.806

32.612.313

27.283.950

30.916.759

225

Belgium

56.797.576

55.968.339

46.206.938

50.103.979

362

Bulgaria

40.578.499

35.186.005

31.997.215

33.496.716

145

Cyprus(2)

4.815.090

5.371.033

84.286

0

13

Czech Rep

85.902.427

86.219.063

73.757.440

75.579.502

422

Germany

392.298.971

400.535.778

428.180.008

454.718.053

1986

Denmark

23.912.314

23.906.256

25.461.030

25.266.343

406

Estonia

11.855.527

11.855.527

10.322.875

14.421.275

54

Spain

150.990.564

150.623.015

136.931.407

121.493.412

1130

Finland

37.071.449

37.926.007

34.289.536

41.300.761

656

France

128.665.409

135.130.876

111.072.187

114.696.993

1125

UK

217.028.432

220.649.151

231.936.035

237.427.775

1136

Greece(2)

63.246.705

64.649.046

63.661.572

59.939.996

160

Hungary

23.917.066

25.685.698

22.401.259

22.995.066

271

Ireland

19.971.563

21.034.103

17.215.223

17.356.018

124

Italy

203.972.455

199.969.821

184.799.623

191.489.539

1192

Liechtenstein(2)

19.497

17.622

13.379

1.796

2

Lithuania

7.573.712

8.160.865

5.786.742

6.393.952

115

Luxemburg

2.488.229

2.488.433

2.181.694

2.252.662

15

Latvia

3.532.491

3.529.165

2.489.797

3.240.172

112

Malta

2.121.453

2.159.360

1.897.113

1.878.307

2

Netherlands

83.834.170

84.843.281

81.069.057

84.429.648

443

Norway

7.957.234

7.993.377

19.216.690

19.333.291

119

Poland

200.957.640

205.349.523

190.970.170

199.726.907

936

Portugal

30.505.835

32.650.832

28.260.550

24.167.190

280

Romania

73.711.219

74.939.089

48.597.209

47.334.968

271

Sweden

21.104.158

23.537.861

17.480.399

22.661.193

813

Slovenia

8.216.051

8.211.776

8.067.023

8.129.863

100

Slovak Rep

32.476.719

32.356.123

21.595.209

21.698.625

200

TOTAL

1.967.387.261

1.993.559.338

1.873.225.616

1.932.450.761

12815

(1) Verified emissions for all installations with open or closed accounts in CITL (i.e. including new entrants and closed installations). As the CITL is constantly receiving information (including corrections of verified emissions data, new entrants and closures), aggregations carried out after 30 April 2010 might give a different result

(2) 2010 Verified emissions for Cyprus and Liechtenstein and Greece are not complete

1 :

Installations in Cyprus have not reported verified emissions for 2010 yet.

2 :

http://epp.eurostat.ec.europa.eu/cache/ITY_PUBLIC/4-14022011-AP/EN/4-14022011-AP-EN.PDF

3 :

Emission-saving projects undertaken through the Kyoto Protocol's Clean Development Mechanism (CDM) generate credits known as Certified Emission Reductions (CERs).

4 :

Emission Reduction Units (ERUs) is the name given to credits generated by emission-saving projects undertaken through the Kyoto Protocol's Joint Implementation mechanism

5 :

The total CERs and ERUs surrendered for 2010 compliance accounts for 136.978.618 corresponding to 7,1% of the units surrendered for 2010 compliance.


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