· 3 min read
illuminem summarises for you the essential news of the day. Read the full piece on European Environment Agency news or enjoy below:
🗞️ Driving the news: The EU’s energy sector led a 9% reduction in net greenhouse gas emissions in 2023 compared to the previous year, marking the largest annual decline since 1990
• According to official data from the European Environment Agency submitted to the UNFCCC, the EU has now cut emissions by 37% since 1990, while GDP grew by 70%—highlighting continued decoupling of economic growth from carbon emissions
🔭 The context: The EU’s emissions trajectory has been shaped by decades of structural reforms, policy shifts toward clean energy, and increasing deployment of renewables
• 2023’s gains were driven largely by a 22% drop in emissions from the power sector, driven by reduced coal and gas usage and a notable rise in hydro, wind, and solar generation
🌍 Why it matters for the planet: The sharp emissions decline underscores the scalability of renewable energy and the effectiveness of integrated policy frameworks in decarbonising power systems
• However, persistent emissions growth in sectors like transport and cooling suggests challenges in achieving full economy-wide decarbonisation
• Land use also remains a concern, with forest-related carbon removals declining due to aging trees, harvesting, and climate-related impacts
⏭️ What's next: With emissions from most sectors falling, future focus will likely intensify on lagging sectors such as transport and refrigeration
• The EU is expected to strengthen policies under the European Green Deal and Fit for 55 package to address these gaps
• Upcoming updates to the 2040 climate targets and national energy and climate plans will be key to sustaining momentum and aligning with the 2050 net-zero objective
💬 One quote: “Europe’s energy transition is delivering tangible climate results, but we must urgently replicate this success in other sectors,” - EEA Executive Director Leena Ylä-Mononen
📈 One stat: EU greenhouse gas emissions in 2023 stood at 2,908 Mt CO₂e—down from 4,636 Mt in 1990, representing a 37% reduction over three decades
See on illuminem's Data Hub™ the sustainability performance of Enel and its peers Iberdrola, and EDF
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