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

In the fourth quarter of 2023, the EU economy recorded a decrease in greenhouse gas emissions by 4.0%, despite a stable GDP with a small increase of 0.2% compared to the same quarter in 2022. The data on quarterly estimates for greenhouse gas emissions by economic activity was published by Eurostat and complemented with socio-economic data such as GDP and employment.

The information provided in this article is derived from a more detailed Statistics Explained article on quarterly greenhouse gas emissions. The economic sectors that saw the largest reductions in emissions during this period were electricity and gas supply (-17.2%) and manufacturing (-3.1%). Household emissions remained nearly stable during this time.

Out of the 22 EU countries, Estonia recorded the largest reduction in greenhouse gas emissions (-23.0%), followed by Bulgaria (-17.0%) and Finland (-9.0%). Ten out of these countries experienced a decline in GDP while reducing emissions, while eleven managed to decrease their emissions while growing their economies.

On the other hand, Malta experienced an increase in greenhouse gas emissions (+7.7%), as did Slovenia (+5.6%), Cyprus (+2.3%), Slovakia (+1.7%) and Greece (+0.3%). Interestingly, all five countries with increased emissions also recorded growth in their GDPs during this period.

Overall, the results show that although there was a decrease in greenhouse gas emissions across many sectors within the EU economy, there are still areas where further action is needed to achieve significant reductions in carbon footprint.

In conclusion, despite decreasing greenhouse gas emissions by 4%, the EU’s gross domestic product (GDP) remained stable with a small increase of 0.2%. This highlights that achieving sustainable economic growth while reducing carbon footprint is possible but requires continuous efforts from all stakeholders.

The data presented here is based on Eurostat’s quarterly estimates for greenhouse gas emissions by economic activity, which complements other socio-economic data such as GDP and employment figures.

It’s worth noting that some countries have managed to reduce their greenhouse gas emissions while still experiencing growth in their economies, which shows that it is possible to achieve sustainable economic development without sacrificing environmental progress.

Overall, these findings highlight the need for continued efforts from all stakeholders to reduce carbon footprint and promote sustainable economic growth within the EU economy and beyond.

By Sophia Gonzalez

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