Emissions from gas stations and companies regulated by Europe ’s Emissions Trading system fell 10 % in 2018 . The European Commission said the fall was equivalent to about 73 million mt of carbon dioxide . The system regulates about 45 % of greenhouse gas emissions in the EU . Airlines , emissions from which rose 3.9 % compared with 2017 , are excluded from the figures . Meanwhile , the trading system ’s prices trebled in 2018 , almost doubling to € 14bn ( $ 15.6bn ) the amount of member states that auction carbon credits .
Emissions from power stations and companies regulated by Europe’s Emissions Trading System fell 4.1% in 2018. The European Commission said the fall was equivalent to about 73 million mt of carbon dioxide. The system regulates about 45% of greenhouse gas output in the EU. Airlines, emissions from which rose 3.9% compared with 2017, are excluded from the figures. Meanwhile, the trading system’s prices trebled in 2018, almost doubling to €14bn ($15.6bn) the revenue of member states that auction carbon credits.