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EU Greenhouse Gas Emissions Drop 3% in Q1 Despite Economic Growth

ESGEU Greenhouse Gas Emissions Drop 3% in Q1 Despite Economic Growth

In Q1 2023, the European Union observed a nearly 3% drop in greenhouse gas emissions, even as the economy grew slightly, according to Eurostat. During January to March, the EU’s emissions totaled 941 million metric tonnes of CO2 equivalents, marking a 2.9% decrease compared to the previous year, while the economy expanded by 1.2% year-on-year.

The EU is advancing toward its goal of achieving net-zero emissions by 2050, given the escalating impact of climate change-related extreme weather events. The region has also banned the sale of new gasoline and diesel cars by 2035.

Emission reductions were evident in 21 out of 27 EU countries, particularly in Bulgaria, Estonia, and Slovenia. However, emissions increased in Ireland, Latvia, Slovakia, Denmark, Sweden, and Finland.

Notably, households contributed the largest portion (nearly a quarter) of total greenhouse gas emissions, while manufacturing accounted for one-fifth. Despite emissions falling the most in the electricity and gas supply sector, it still constituted 19% of the total figure. Agriculture constituted 13%, while transportation and storage were responsible for 10%.

By FCCT Editorial Team

Disclaimer: The views expressed in this article are independent views solely of the author(s) expressed in their private capacity.

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