Factor

Emissions from the CO2 market decline by 9.41% in Spain in 2016

04 April 2017 | Markets

In 2016, 128.07 million tons of CO2 were emitted by facilities subject to emissions trading in Spain, 13.29 million less than in 2015, for a reduction of 9.41%.

This reduction is attributable to the changes observed in the electricity sector, where emissions decreased by 13.49 million (-16.69%), due to the lower incidence of coal generation (-29.8% over 2015). On the other hand, emissions increased slightly by 0.19 million (+ 0.32%) in the industrial sectors, led by increases in the aviation sector (0.42 million, + 10.38%), Ceramics and tiles sector (0.20 million, + 6.69%), and in the cement sector (0.28 million, + 1.93%).

Comparing the emissions of 2016 with the allocation of rights, there is a deficit of -66.42 million emission rights, concentrated in the combustion sector (-62.48 million), refining (-3.51 million), aviation (-2.65 million) and pulp and paper (-1.06 million). The sectors with surplus of rights would only have had a positive balance of 4.86 million, and far from the surplus registered in 2012 (36.25 million).

Compared to historical emissions, emissions in 2016 account for 69.74% of 2005 emissions (183.63 million).

Context: The European Commission published on April 3th 2017 at 12:00 pm the CO2 emissions of 2016 from fixed installations and air 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