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.
Sector trends:
- 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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