The EU Emissions Trading System in 2021: trends and projections

Author (Corporate)	European Environment Agency (EEA)
Publisher	European Environment Agency (EEA)
Series Title	EEA Briefings
Series Details	17/2021, Number 17
Publication Date	January 2022
ISBN	978-92-9480-417-4
ISSN	2467-3196
Content Type	Report
	Summary: The COVID-19 pandemic has had a profound impact on carbon emissions in Europe. In 2020, emissions from stationary installations covered by the EU Emissions Trading System (EU ETS) declined by 11.4% (surpassing the 9% decrease seen in 2019). Aviation was even more acutely impacted. The risk of a rebound in emissions remains, and we must take further measures to bring ETS emissions onto a path to achieve climate neutrality. Reduced demand resulted in more allocations than emissions, but carbon prices recovered quickly.
Source Link	Primary Source https://www.eea.europa.eu/publications/the-eu-emissions-trading-system-2/the-eu-emissions-trading-system Alternative Source Alternative sources https://www.doi.org/10.2800/897551
Related Links	Official European Environment Agency (EU EEA): News, 12/01/2022: EU ETS emissions continued to decline during the Covid-19 pandemic https://www.eea.europa.eu/highlights/eu-ets-emissions-continue
Subject Categories	Energy, Environment, Trade
Subject Tags	Decarbonisation
International Organisations	European Union [EU]