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16 EU Countries Cut Emissions in Q3 2024, Led by Austria, Hungary and Denmark

16 EU Countries Cut Emissions in Q3 2024, Led by Austria, Hungary and Denmark

16 EU Countries Cut Emissions in Q3 2024, Led by Austria, Hungary and Denmark
  • EU emissions fell 0.6% to 767 million tonnes CO2-eq, while GDP increased by 1.3%.
  • 16 EU countries reduced emissions, led by Austria (-7.8%), Hungary (-3.3%), and Denmark (-2.8%).
  • Energy and transport sectors saw the biggest cuts, with electricity and gas supply down 6.7%.

Eurostat’s latest report shows a continued decoupling of emissions from economic growth.

  • Electricity and gas supply saw the largest decline (-6.7%), followed by transportation and storage (-0.9%).
  • 16 out of 27 EU countries cut emissions, with 12 of them growing GDP at the same time.

Related Article: EU Invests €4.8 Billion from Emissions Trading Revenues to Fund Net-Zero Projects

Country breakdown:

  • Austria (-7.8%), Hungary (-3.3%), and Denmark (-2.8%) led in emissions reductions.
  • Hungary, Austria, Estonia, and Romania saw both emissions and GDP decline.
  • The remaining 12 (including Germany, France, and Spain) reduced emissions while expanding their economies.

The big picture: The EU continues to show that economic growth and emissions reductions can go hand in hand.

Lower emissions, stronger economy – that is clean growth in action!”

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