Carbon Market Report 2024

The European Commission today adopted the Carbon Market Report, which analyzes and presents the operation of the EU Emissions Trading System (EU ETS) in 2023 and in the first half of 2024. In 2023, the EU ETS was characterized by a historic 16.5 % reduction in emissions from stationary installations driven by the energy sector. The production of electricity from renewable sources (mainly wind and solar) has increased significantly, and the trend of replacing coal with gas in electricity production has resumed. With this development, ETS emissions from installations are approximately 47.6 % below 2005 levels and on track to reach the 2030 target of 62 %. (More on climate.ec.europa.eu)