Dubai Telegraph - EU greenhouse gas emissions saw 'huge' drop in 2023

EUR -
AED 4.21834
AFN 74.661225
ALL 91.432306
AMD 416.419413
ANG 2.056463
AOA 1054.440663
ARS 1739.601242
AUD 1.608272
AWG 2.06753
AZN 1.957227
BAM 1.955422
BBD 2.310453
BDT 140.872738
BGN 1.933647
BHD 0.432416
BIF 3448.932551
BMD 1.148628
BND 1.465916
BOB 11.270819
BRL 5.906291
BSD 1.147178
BTN 109.921728
BWP 15.556989
BYN 3.470128
BYR 22513.103189
BZD 2.307154
CAD 1.607907
CDF 2654.479062
CHF 0.944743
CLF 0.027911
CLP 1102.062801
CNY 7.693107
CNH 7.700293
COP 3628.597782
CRC 513.200684
CUC 1.148628
CUP 30.438634
CVE 110.243665
CZK 24.347696
DJF 204.280467
DKK 7.475389
DOP 67.706897
DZD 153.990199
EGP 60.011386
ERN 17.229416
ETB 187.378938
FJD 2.545249
FKP 0.85749
GBP 0.857921
GEL 2.990867
GGP 0.85749
GHS 13.215443
GIP 0.85749
GMD 84.42856
GNF 10085.048308
GTQ 8.754306
GYD 240.003554
HKD 9.011042
HNL 30.79504
HRK 7.534658
HTG 149.930985
HUF 364.287725
IDR 20459.4717
ILS 3.487958
IMP 0.85749
INR 110.194179
IQD 1502.809171
IRR 1578903.655694
ISK 139.202636
JEP 0.85749
JMD 181.144944
JOD 0.814422
JPY 180.197158
KES 148.551252
KGS 100.447935
KHR 4649.100291
KMF 491.613064
KPW 1033.765308
KRW 1592.044397
KWD 0.353962
KYD 0.956015
KZT 512.880746
LAK 25706.025284
LBP 102727.519827
LKR 379.706518
LRD 198.461593
LSL 18.650291
LTL 3.391599
LVL 0.694794
LYD 7.28659
MAD 10.868997
MDL 20.161098
MGA 4973.037601
MKD 61.513096
MMK 2411.927194
MNT 4131.777436
MOP 9.269406
MRU 46.150069
MUR 54.640655
MVR 17.746733
MWK 1989.21504
MXN 19.789482
MYR 4.690656
MZN 73.40923
NAD 18.650291
NGN 1529.662418
NIO 42.211831
NOK 10.809019
NPR 175.874964
NZD 1.993627
OMR 0.442634
PAB 1.147178
PEN 3.871151
PGK 5.106012
PHP 72.2606
PKR 317.962167
PLN 4.363465
PYG 6800.683909
QAR 4.193089
RON 5.263476
RSD 117.367287
RUB 96.581309
RWF 1685.17388
SAR 4.316112
SBD 9.18961
SCR 16.119885
SDG 690.903792
SEK 11.290555
SGD 1.465883
SHP 0.858627
SLE 28.314099
SLL 24086.139517
SOS 655.573131
SRD 43.585257
STD 23774.274604
STN 24.49526
SVC 10.038057
SYP 14934.457826
SZL 18.644392
THB 38.275765
TJS 10.582452
TMT 4.031683
TND 3.374547
TOP 2.76562
TRY 56.015171
TTD 7.787493
TWD 36.503811
TZS 3039.911706
UAH 51.253181
UGX 4525.124283
USD 1.148628
UYU 46.131073
UZS 13582.371494
VES 973.444877
VND 29889.590367
VUV 135.48724
WST 3.159056
XAF 655.957
XAG 0.01734
XAU 0.000262
XCD 3.104224
XCG 2.0675
XDR 0.812139
XOF 655.957
XPF 119.331742
YER 271.708303
ZAR 18.688024
ZMK 10339.031894
ZMW 22.547637
ZWL 369.857655
SSP 6560.977546
MXV 2.243573
  • RYCEF

    0.7100

    20

    +3.55%

  • RBGPF

    -1.6900

    68.3

    -2.47%

  • CMSC

    0.0400

    20.71

    +0.19%

  • RIO

    -0.6700

    97.37

    -0.69%

  • BTI

    -0.1900

    55.83

    -0.34%

  • GSK

    -0.8400

    50.22

    -1.67%

  • BCC

    0.1600

    75.69

    +0.21%

  • RELX

    -0.9700

    33.41

    -2.9%

  • JRI

    -0.0600

    11.55

    -0.52%

  • VOD

    -0.5700

    16.95

    -3.36%

  • NGG

    -0.8000

    76.8

    -1.04%

  • BCE

    -0.2200

    22.06

    -1%

  • CMSD

    0.0000

    20.45

    0%

  • AZN

    -0.0600

    166.08

    -0.04%

  • BP

    -0.8400

    44.58

    -1.88%

EU greenhouse gas emissions saw 'huge' drop in 2023
EU greenhouse gas emissions saw 'huge' drop in 2023 / Photo: BERTRAND GUAY - AFP/File

EU greenhouse gas emissions saw 'huge' drop in 2023

Greenhouse gas emissions in the EU fell by eight percent in 2023 -- among the biggest drops in decades -- new data showed Thursday, though the bloc remains in a race against time to meet its ambitious climate goals.

Text size:

The European Environment Agency (EEA) attributed the year-on-year decline to a surge in renewable energy use in the 27-country bloc -- the world's fourth biggest emitter after India, China and the United States.

"The huge drop was led by a significant decline in coal use and growth of renewable energy sources and supported by reduced energy consumption across Europe," an EEA statement said.

The European Commission described it as "the largest annual drop in decades, with the exception of 2020 when Covid-19 led to emission cuts of 9.8 percent".

Net greenhouse gas emissions in the European Union last year were at 37 percent below 1990 levels, even though GDP grew by 68 percent over the same period, the EU executive underlined.

It said the data was evidence of the "continued decoupling of emissions and economic growth" in the bloc.

The commission -- which has spearheaded the EU's ambitious push towards carbon neutrality -- said the bloc "remains on track to reach its commitment to reduce emissions by at least 55 percent by 2030."

The EEA also judged that the 2030 target was "within reach" but cautioned that "EU member states will need to sustain this rate of progress to achieve Europe's climate and energy targets."

Bucking the downward trend, emissions from the aviation sector grew last year by 9.5 percent, continuing their post-Covid trend.

But emissions from electricity production and heating fell by 24 percent compared to 2022, driven by the growth of renewables, in particular wind and solar, and the "transition away from coal," the commission said.

Renewable energy was the leading source for electricity generation in the EU in 2023 at 44.7 percent (up from 41.2 percent in 2022), ahead of fossil fuels at 32.5 percent and nuclear power at 22.8 percent.

When it comes to the bloc's overall energy consumption, the share of renewables grew from 10.2 percent in 2005 to 24 percent in 2023, according to the EEA.

- Swift pace 'essential' -

The EU has set a goal of becoming carbon neutral by 2050, with this week's deadly floods in Spain just the latest of a string of extreme weather events in the bloc aggravated by climate change.

Of the world's four largest greenhouse gas emitters the EU has made by far the most progress in slashing emissions.

A report released last week by the UN Environment Programme calculated that EU emissions fell 7.5 percent last year -- compared to a 1.4-percent drop in the United States, and a jump of 5.2 and 6.1 percent respectively in China and India.

One of the first tasks for EU chief Ursula von der Leyen's incoming commission will be to negotiate with member states and parliament on an interim target for 2040 -- with Brussels aiming to cut emissions by 90 percent compared to 1990 levels.

The centre-right European People's Party -- the parliament's biggest group, to which von der Leyen belongs -- has already said it considers that target "extremely ambitious".

More broadly, right-wing parties that made gains in bloc-wide elections this year have led the charge against what they call "punitive" environmental policies -- fuelling fears that Brussels may be forced to roll back its climate ambitions.

Yet the EEA report made clear that more -- not less -- was needed to keep the bloc on track.

Based on the measures currently in place in member states, the EEA said projections pointed to a 43 percent net emissions reduction by 2030 compared to 1990 -- still well short of the 55-percent target.

It said 22 states had submitted additional projections that include "planned but not yet launched measures" that when factored in would cut emissions by 49 percent within the same timeframe.

"To close the remaining gap by 2030, it is essential that emissions reductions continue at a swift pace over the coming years," the agency said.

I.Mansoor--DT