2018 verified emissions down by 3.8%
On Monday, 1 April 2019, the European Commission provided access to preliminary 2018 verified emissions data. Open stationary installations in the EU ETS emitted 1,686.4 million tones of CO2 in 2018 versus the 1,753.4 million in 2017, representing a decline of 3.8%. Vertis expected 2018 emissions...
Emissions of aircraft operators increased by 6.2% to 68.4 million tones. Including aviation emissions, the total emissions of EU ETS installations declined by 3.5% in 2018.
(IMPORTANT: In the case of open installations that did not report emissions for 2018 we took into consideration the 2017 emissions.)
Out of the 12,692 open installations, 10,151 reported emissions for 2018. (407 aircraft operators reported emission data).
PGE’s Polish Belchatów unit was the most polluting installation with emissions of 38.3 million tons of CO2 (+1.9% y/y), followed by RWE’s Neurath power plant with 32.2 million tons (+7.5% y/y).
Emissions of combustion installations (taking into consideration activity codes 1 and 21)decreased by 3.0% due to the increasing share of renewable capacities in the European energy mix and their higher availability (especially higher hydro production than in 2017 in southern Europe). The rally in carbon prices also motivated utilities to switch from coal to less polluting gas.
Industrial emissions dropped by 1.5% despite the European economy expanding by 1.9%. The production of nitric acid was the recorder in emission reductions (-15.2% y/y). Production of pulp and paper, on the other hand, emitted 6.2% more than in 2018. Emissions from glass production increased by 2.1%.
Among the countries, emissions in Germany fell by 2.9%, while those in the UK declined by 4.9%. Higher nuclear availability helped France reducing its emissions by 8.5%. Lithuania, Portugal and Croatia reduced emissions by more than 10%. The market expected 2018 emissions to have declined by 3-5%. The published data matched market expectations, the price effect therefore was rather limited.