Home / World Economy / World Economy News / EU economy greenhouse gas emissions: -4.0% in Q4 2023

EU economy greenhouse gas emissions: -4.0% in Q4 2023

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

This information comes from data on quarterly estimates for greenhouse gas emissions by economic activity published by Eurostat today. Quarterly estimates of greenhouse gas emissions complement quarterly socio-economic data, such as GDP or employment. This article presents a handful of findings from the more detailed Statistics Explained article on quarterly greenhouse gas emissions.

In the fourth quarter of 2023, the economic sectors responsible for the largest reductions compared with the fourth quarter of 2022 were electricity and gas supply (- 17.2%) and manufacturing (-3.1%). Emissions by households remained almost stable.

Greenhouse gas emissions down in 22 EU countries

In the fourth quarter of 2023, greenhouse gas emissions are estimated to have decreased in 22 EU countries, when compared with the same quarter of 2022.

The largest reductions in greenhouse gases are estimated for Estonia (-23.0%), Bulgaria (-17.0%) and Finland (-9.0%).

Out of the 22 EU members that are estimated to have decreased their emissions, 10 also recorded a decline in their GDP (Estonia, Finland, Sweden, Germany, Austria, Ireland, Latvia, Lithuania, The Netherlands and Luxembourg). Hungary maintained the GDP at the same level while decreasing emissions. The other 11 EU countries (Bulgaria, Belgium, Czechia, Denmark, Italy, Spain, France, Poland, Portugal, Romania and Croatia) are estimated to have managed to decrease emissions while growing their GDP.
Source: Eurostat

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping