Last year's emissions under the EU's Emissions Trading System (ETS) show the most significant annual reduction in emissions since the launch of the ETS in 2005. The main driver is significant progress in the decarbonisation of the energy sector.

Data reported by EU Member States as of 2 April 2024 show a 15.5 % reduction in emissions in 2023 compared to 2022 levels. With this development, ETS emissions are now around 47 % below 2005 levels and on track to reach goals by 2030 – 62 %.

The observed trend confirms the efficiency and effectiveness of the EU emission allowance trading system as the main political tool for the decarbonisation of the European economy. (More on climate.ec.europa.eu)