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).
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