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CO2 emissions trading
Things to know about CO2 emissions trading
  • As part of environmental policy, emissions trading aims to reduce pollutant emissions at the lowest possible economic cost.
  • The total number of emission allowances available within the European Union will decrease by 1.74% per year, eventually reaching 21% below 2005 levels in 2020.
  • The shortage of this supply may mean an increase in prices in the long run.
  • Currently, emissions from power and heat generators and civil aviation are traded in Europe. From 2013, petrochemical, ammonia and aluminium plants will be added.
  • The trading volume of emission rights in the EU now amounts to USD 50 billion (EUR 37 billion).
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Reading aid:
The statistics show the ten largest CO²-emitting countries by share of global CO² emissions in 2012. China was the world's largest carbon dioxide emitter in 2012, with a share of around 21 percent of global carbon dioxide emissions.