Emissions from the CO2 market increase by 10.44% in Spain in 2017
05 April 2018 | Markets | 1
In 2017, 141.45 million tons of CO2 were emitted by air facilities and operators subject to emissions trading in Spain, 13.37 million more than in 2016, an increase of 10.44%.
This increase is attributable to the changes observed in the electricity sector, where emissions increased by 12.77 million (+18.97%), due to the dry weather conditions that have occurred during 2017, which have promoted the use of fossil energies to the detriment of hydraulic power generation. At the same time, in the industrial sectors, emissions grew slightly by 0.60 million (+0.99%), led by increases in the aviation sector (0.59 million, +13.20%), in the ceramic and tile sector (0.25 million, +7.91%), and in the lime sector (0.19 million, +8.21%).
Compared to 2017 emissions with the allocation of allowances, there is a deficit of -80.77 million allowances, concentrated in combustion sector installations (-75.68 million), refining (-3.29 million), aviation (-2.73 million) and pulp and paper (-1.12 million). The sectors with surplus rights would only have had a positive balance of 4.33 million, far from the surplus recorded in 2012 (36.25 million).
Compared to historical emissions, emissions in 2017 accounted for 77.03% of emissions in 2005 (183.63 million).
Background: The European Commission published on April 3th 2018 at 12:00 pm the 2017 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.