June's AI-picked stock updates now live. See what's new in Tech Titans, up 28.5% year to date.Unlock Stocks

EU greenhouse gas emissions fall 3% in the first quarter

Published 16/08/2023, 11:58
© Reuters. FILE PHOTO: A Stop sign stands in front of the Neurath lignite power plant of German utility RWE, west of Cologne, Germany, January 16, 2020. REUTERS/Wolfgang Rattay/File Photo
CFI2Z4
-

By Olivier Sorgho

(Reuters) - Greenhouse gas emissions in the European Union fell by nearly 3% in the first quarter of 2023, even as the bloc's economy grew slightly, statistics agency Eurostat said on Wednesday.

The EU's emissions over the January to March quarter amounted to 941 million metric tonnes of CO2 equivalents, down 2.9% from a year earlier, while the economy grew 1.2% year-on-year.

As the world grapples with increasingly unpredictable and extreme weather from climate change, including heatwaves in Portugal and Spain, the EU is pushing towards its target of net-zero emissions by 2050. Earlier this year it banned the sale of new petrol and diesel cars from 2035.

Emissions fell in 21 of the bloc's 27 countries, with the largest decreases seen in Bulgaria, Estonia and Slovenia. They grew however in Ireland, Latvia, Slovakia, Denmark, Sweden and Finland.

© Reuters. FILE PHOTO: A Stop sign stands in front of the Neurath lignite power plant of German utility RWE, west of Cologne, Germany, January 16, 2020. REUTERS/Wolfgang Rattay/File Photo

Households were responsible for the biggest share - nearly a quarter - of total greenhouse gas emissions, Eurostat said, while manufacturing accounted for a fifth.

Electricity and gas supply - the sector where emissions fell the most - still contributed 19% to the total figure, with agriculture accounting for 13% and transportation and storage responsible for 10%.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.