19 April 2007 – Total emissions from installations covered by the European Union Emissions Trading Scheme (EU ETS) exceeded 2bn metric tonnes in 2006, according to data from the European Commission.
With less than 4 per cent of all installations left to report their verified emissions data for 2006, total emissions stand at 2.001bn mt, compared to a final total of 1.995bn mt in 2005. This represents a year-on-year increase of 0.3 per cent.
EU ETS emissions are currently some 62.4m mt short of the total number of emissions allowances issued by member state governments for 2006, or 3.03 per cent. In 2005, the scheme reported a surplus of 90.7m mt, or 4.39 per cent, but the total allocation was around 22m mt greater.
The countries with the greatest surplus of unused EU Allowances at the moment are Poland (37m mt), France (27m mt) and Slovakia (15m mt).
According to a report by Platts, market sources believe that when the data is 100 per cent complete most of these surpluses will shrink, leaving the overall scheme with a total surplus of around 20m mt.