Final verified CO2 emissions from across the EU fell by 3.06% in 2008 from 2007 levels, the European Commission said Friday.
While few feel that the global economic downturn resulted in a 3.06% reduction in EU CO2 emissions in 2008 compared to 2007 levels, the reduction was partly due to businesses taking measures to cut their emissions in response to the strong carbon price that prevailed until the economic downturn started.
Although the EU remains predominantly focused on CO2 emissions, from 2008 onwards it also includes emissions of nitrous oxide from the production of nitric acid in the Netherlands and Norway.
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