• Tue. May 28th, 2024

Greenhouse gas emissions in the EU economy decreased by 4.0% in the fourth quarter of 2023.

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May 15, 2024

In the fourth quarter of 2023, the EU economy’s greenhouse gas emissions were estimated at 897 million tonnes of CO2-equivalents (CO2-eq), showing a 4.0% decrease compared to the same quarter of 2022 which had 935 million tonnes of CO2-eq. Despite this decrease, the EU’s gross domestic product (GDP) remained relatively stable with a small increase of 0.2% in the fourth quarter of 2023 compared to the same quarter of 2022.

This data on quarterly estimates for greenhouse gas emissions by economic activity was published by Eurostat. The quarterly estimates of greenhouse gas emissions provide valuable information that complements other quarterly socio-economic data such as GDP or employment. This article highlights some key findings from a more detailed Statistics Explained article on quarterly greenhouse gas emissions.

In the fourth quarter of 2023, there were notable reductions in greenhouse gas emissions in the economic sectors of electricity and gas supply (-17.2%) and manufacturing (-3.1%), while emissions by households remained almost stable.

Among the 22 EU countries where greenhouse gas emissions decreased in the fourth quarter of 2023 compared to the same quarter of 2022, Estonia (-23.0%), Bulgaria (-17.0%), and Finland (-9.0%) saw the largest reductions. Out of these 22 countries, 10 also experienced a decline in their GDP while Hungary maintained the GDP at the same level while decreasing emissions. The other 11 countries managed to decrease emissions while simultaneously growing their GDP.

On the other hand, increases in emissions were estimated for Malta (+7.7%), Slovenia (+5.6%), Cyprus (+2.3%), Slovakia (+1.7%), and Greece (+0.3%) in the fourth quarter of 2023 compared to the same quarter of 2022. Interestingly, all five of these countries recorded a GDP increase during the same period.

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