🏭 Record reduction in emissions within the EU emissions trading system

• Emissions under the EU emissions trading system (ETS) decreased by 15.5 percent in 2023 compared to 2022.
• Major progress in the energy sector, primarily driven by increased production of renewable energy, drove this reduction.
• ETS emissions are now about 47 percent lower than 2005 levels, well on the way to the 2030 target of a 62 percent reduction.

Energy and industry reduced emissions

In 2023, the EU's energy sector achieved a significant reduction in emissions, with a decrease of 24 percent compared to the previous year. This reduction was mainly due to increased production of renewable energy, especially from wind and solar power, which took over shares previously held by coal and gas.

Energy-intensive industrial sectors also showed a decrease in emissions of about 7 percent compared to 2022. This reduction is due to a combination of decreased production and efficiency gains, primarily seen within the cement, iron, and steel industries.

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