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EMISSIONS: EU Power Sector Emissions to Drop 10% M/M in December

EMISSIONS
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EU power sector emissions are expected to drop by 10% on the month in December with expectations of higher renewables output (+14% MoM) despite an anticipated 2% increase in power demand according to BNEF. 

  • Emissions from the aviation sector are forecast to decline by 2% on the month in December, which would still be up by 6% on the year.
  • Shipping emissions in December are set to decline in line with seasonal trends in December, after seeing a 10% month-on-month drop in November.
  • Last month, EU power emissions increased by 25% on the month with higher demand (+8% MoM) and lower renewables output, which led to a 62% increase in gas-fired generation.
  • Industrial emissions in Europe declined by 5% on the month in November, following a seasonal trend while remaining well below historical levels.
  • The correlation between European gas and carbon prices increased to 73% in November, up from 11% in October, while EUA prices are also seen to be realigning with ARA coal prices. 
     
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EU power sector emissions are expected to drop by 10% on the month in December with expectations of higher renewables output (+14% MoM) despite an anticipated 2% increase in power demand according to BNEF. 

  • Emissions from the aviation sector are forecast to decline by 2% on the month in December, which would still be up by 6% on the year.
  • Shipping emissions in December are set to decline in line with seasonal trends in December, after seeing a 10% month-on-month drop in November.
  • Last month, EU power emissions increased by 25% on the month with higher demand (+8% MoM) and lower renewables output, which led to a 62% increase in gas-fired generation.
  • Industrial emissions in Europe declined by 5% on the month in November, following a seasonal trend while remaining well below historical levels.
  • The correlation between European gas and carbon prices increased to 73% in November, up from 11% in October, while EUA prices are also seen to be realigning with ARA coal prices.