Insights
- In Q3 2023, EU greenhouse gas emissions decreased by 7.1 per cent, reaching 787 million tonnes of CO2-equivalents, while GDP varied by -0.2 per cent.
- Key sectors, like electricity and gas supply, saw reductions.
- Estonia led with a 30.7 per cent decrease.
- Though some nations, such as Malta and Cyprus, saw emissions rise, others achieved economic growth.
In the third quarter of 2023, greenhouse gas emissions in European Union (EU) saw a significant decrease of 7.1 per cent, amounting to 787 million tonnes of CO2-equivalents (CO2-eq), compared to 847 million tonnes recorded during the same period in 2022. This data, released by Eurostat, reflects a positive trend towards environmental sustainability while maintaining stable economic performance, with GDP showing only a slight variation of -0.2 per cent.
Key contributors to this reduction include the electricity and gas supply sector, which demonstrated a decrease of 23.7 per cent, followed by households (-6.5 per cent) and manufacturing (-4.9 per cent), Eurostat said in a press release.
In Q3 2023, EU greenhouse gas emissions decreased by 7.1 per cent, reaching 787 million tonnes of CO2-equivalents, while GDP varied by -0.2 per cent.
Key sectors, like electricity and gas supply, saw reductions.
Estonia led with a 30.7 per cent decrease.
Though some nations, such as Malta and Cyprus, saw emissions rise, others achieved economic growth.
Across the EU, 23 member states witnessed a decline in greenhouse gas emissions, with notable reductions observed in Estonia (-30.7 per cent), Bulgaria (-18.6 per cent), and Germany (-12.2 per cent). However, a few nations, including Malta (+7.7 per cent), Cyprus (+3.7 per cent), Latvia (+3.4 per cent), and Slovakia (+0.9 per cent), experienced an increase in emissions. Despite this, some of these countries managed to achieve economic growth alongside their emission increases.
The Eurostat data also reveals a correlation between emissions reduction and economic performance. Among the nations witnessing a decline in emissions, 11 also experienced a corresponding decline in GDP, while 11 others achieved the remarkable feat of reducing emissions while simultaneously achieving economic growth.
Fibre2Fashion News Desk (KD)
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