European Greenhouse Gas Emission

Overview

The European Union Emissions Trading System (EU ETS), also known as the European Union Emissions Trading Scheme,
was the first large greenhouse gas emissions trading scheme in the world, and remains the biggest.
It was launched in 2005 to fight Global warming and is a major pillar of EU climate policy. As of 2013, the EU ETS covers more than 11,000 factories,
power stations, and other installations with a net heat excess of 20 MW in 31 countries—all 28 EU member states plus Iceland,
Norway, and Liechtenstein. The installations regulated by the EU ETS are collectively responsible in 2008 for close to half of the
EU's anthropogenic emissions of CO2 and 40% of its total greenhouse gas emissions. The EU emissions trading system (EU ETS)
is a cornerstone of the EU's policy to combat climate change and its key tool for reducing greenhouse gas emissions cost-effectively.
It is the world's first major carbon market and remains the biggest one.

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CO2 Emission Changes in EU

According to from 1990 to 2012, we can see changes in carbon dioxide emissions in Europe overall downward trend, especially in the downward trend in developed countries, France, Britain and Germany on behalf of the very obvious, which may have a great relationship with their industrial transformation At the same time, we found that some industries are not developed countries such as Spain, carbon dioxide emissions without significant changes too. There are also countries in which carbon dioxide emissions are on the rise, especially in less developed regions such as Eastern Europe. This may be related to the industrial development of these countries

EU Countries CO2 Emission Trends

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Analyze And Predict

Our works shows that there was a general downward trend to CO2 emissions from 1990–2012 period . From 1999 to 2006 the evolution of greenhouse gas emissions within the EU-28 remained relatively unchanged, although it started falling at a modest pace through to 2008. The year 2009 saw a sharp drop in emissions as a consequence of the global financial and economic crisis and the resulting reduced industrial activity. Emissions increased in 2010 and decreased again from 2011. Incidentally, 2012 marked the year with the lowest emissions on record since the beginning of the time series.

For 2020, the EU has committed to cutting its emissions to 20 % below 1990 levels. According to the changing trend, we believe that the EU countries can achieve the overall goal, but there are still individual countries difficult to complete it.