IFP School publishes its first map of greenhouse gas emissions from the European Union Emissions Trading Scheme (EU ETS), showing emissions in 2023. Drawing on data from the European Commission, the map illustrates greenhouse gas emissions from each facility subject to the European carbon market, highlighting the significant emissions from coal-fired power plants, notably located in Germany and Poland.
The European carbon market is one of the European Union's main tools for achieving its greenhouse gas emission reduction targets, in particular the 55% reduction in emissions by 2030 compared with 1990. By reducing the number of emissions permits put into circulation each year within the European carbon market, it offers the flexibility for over 11,000 regulated facilities to reduce their emissions internally, or to trade emissions rights with each other in order to reach their collective target.
Currently, 58% of emissions recorded on the European carbon market come from the power sector, in particular coal-fired power plants, which occupy 9 of the top 10 places in the ranking of Europe's biggest emitters. The carbon market covers the major European industrial sectors (electricity, cement, metallurgy, refining of energy products, etc.), representing around 40% of the European Union's greenhouse gas emissions. Some of the emissions not yet taken into account by the carbon market, such as those from the building sector or transport, will be covered by an EU ETS 2, which will come into operation in 2027.
The operation of emissions trading systems and the effective management of carbon constraints within a company are key skills developed by IFP School students enrolled in the Energy and Markets and Energy Technology Economics and Management programs.