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Emissions from the CO2 market decrease by 6.30 % in Spain in 2018

02 April 2019 | Trading

In 2018, 132.03 million tonnes of CO2 were emitted by facilities subject to emissions trading in Spain, 8.88 million less than in 2017, a decrease of 6.30%.

This decrease is attributable to the changes observed in the electricity sector, where emissions decreased by 10.19 million (-12.72%), due to the increase in the share of renewable energies in the electricity mix during 2018. At the same time, in the industrial and aviation sectors, emissions grew slightly by 1.31 million (+2.15%), led by increases in the steel and foundry sector (0.35 million, +5.17%), in the lime sector facilities (0.08 million, +3.49%), and in the cement sector (0.38 million, +2.61%).

If we compare 2018 emissions with the allocation of allowances, we see a deficit of -72.77 million emission allowances, concentrated in combustion (-65.57 million), refining (-3.69 million), aviation (-2.31 million), and pulp and paper (-1.11 million). The sectors with surplus rights would only have had a positive balance of 2.69 million, far from the surplus recorded in 2012 (36.25 million).

Compared to historical emissions, 2018 emissions account for 71.90% of 2005 emissions (183.63 million).

Background: On 1 April 2019, at 12 noon, the European Commission published the 2018 CO2 emissions of fixed installations and aircraft operators subject to European Emissions Trading (EU ETS). 

 

 

Since 2004, Factor CO2 has offered technical consulting and market services to governments and international organizations, as well as more than 400 companies.

 

 

Source: Factor