Agency Report –
Across Europe, emissions from facilities participating in the ETS, the European Union’s carbon pricing scheme, fell by 51%, while in Germany, emissions decreased about 47%, the UBA said.
The system makes high-polluting sectors like power plants and industry buy permits for the carbon emissions they produce.
The pricing of greenhouse gases – which often occurs at both the national and the European level – is intended to incentivize businesses and consumers to transition away from fossil fuels.
According to the UBA, around 9,000 facilities in the energy sector and energy-intensive industries participate. They reportedly account for around 40% of greenhouse gas emissions in Europe.
In addition to Germany and the other European Union member states, Norway, Iceland, and Liechtenstein also participate in the European system.
