Since 2013 EU member states are required to report annually on revenues received from auctioning allowances used in the greenhouse gas emissions trading scheme (EU ETS).
The table below shows each country’s total income for 2013 and 2014, as recorded in the Reporting Obligations Database. Over two years Germany received the most cash at €1,540 million while Cyprus the smallest at €2.7 million.
While the data shown is not new, it is the first time that these multi-annual totals have been published together, as usually the Commission prefers to play down this issue.
|Country||2013 (€m)||2014 (€m)||Total (€m)|
The scope and characteristics of the ETS means that majority of revenue comes from firms burning coal to make electricity. This shows in the data for example by comparing UK with France, where in the later country nuclear’s share of the power mix is much larger. The UK also shows a big drop from one year to the next triggered by the ongoing closures of many large coal-fired power plants.
Between 2013 and 2014 the total revenue fell by £416 million, even when carbon prices were higher in the later year. The main reason for this I suspect is an phase-in of Article 10c schemes, whereby certain member states direct utility companies to invest in certain related objectives as a condition for temporary free allocation. These national plans only started during 2013 will have taken some time at the start to build-up momentum.
The chart total of €6,837m is not the overall ETS revenue to date. As well as small amounts raised in phase 2 by a few countries, the European Investment Bank auctioned 300 million phase 3 allowances between 2011 and 2014 raising €2,157 million for green-tech demonstration support. Adding this amount brings the overall phase 3 total to date to €8,994 million.
I will update for 2015 and subsequent years after the respective filings are done. ❧