EU greenhouse gas emissions down by 4% in Q4
In the fourth quarter of 2023, the European Union’s estimated greenhouse gas (GHG) emissions stood at 297 million tonnes of CO2 equivalents (CO2-eq), reflecting a significant 4% decrease from the same period in 2022. This reduction follows a broader trend observed in the previous year, where emissions fell from 935 million tonnes to 897 million tonnes of CO2-eq in Q4 2022.
This decline in emissions highlights the EU’s ongoing efforts to combat climate change. Around 22 member countries reported lower emissions compared to the previous year. Estonia and Bulgaria emerged as leaders in this environmental stride, achieving the highest reduction rates of 23% and 17%, respectively.
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According to a report published by Eurostat, specific economic sectors responsible for the most reduction in emissions within Q4 were electricity and gas supply(-17.2%) and manufacturing (-3.1%).
The report also included additional data that compared the greenhouse gas (GHG) emissions with the Gross Domestic Product (GDP) of each nation. Out of the 22 countries estimated to have managed lower emission levels, 10 also experienced a decline in GDP. Countries such as Estonia(-23%), Finland, Sweden, and Germany are among those that have seen a decrease in GDP. On the other hand, some countries have been able to maintain high GDP levels while lowering their emission levels. Belgium, Italy, Spain, Poland, and Portugal are a few examples of countries that have achieved this.
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