Last year was a record-breaking year for ETS revenues with 27 EU member states sharing €4.88 billion in total revenues, around 50% more than the previous year and beating the previous record set in 2013 by more than €1.2 billion.
Total phase three (2013-2020) ETS revenues now stand at €11.7 billion among member states and €13.8 billion if EIB-held NER-300 innovation funding is added.
The table below shows the country-by-country data. Ireland, the only country still not to have met an end-July reporting deadline, could add approximately €40 million more.
|Country||2013 (€m)||2014 (€m)||2015 (€m)||Total (€m)|
Source: EEA ROD
The revenue increase is no surprise given higher EUA prices over the period. The EEX chart below shows the trend over the last four years. Given the price instability we’ve witnessed this year the 2015 record is unlikely to be beaten for some time.
Higher prices last year were sufficient to counter-act the effect of 300 million allowances transferred out of auction schedules and into the new Market Stability Reserve (MSR) by way of the 2014 ‘back-loading’ decision, the schedule of which is shown here (Annex 4).
Revenues includes those from the aviation sector, which are listed under a separate sub-heading in the detailed country reports. Each is accessible by clicking on the country name above.
The Commission is expected to published formally the 2015 revenues as part of its annual carbon market report due in October or November.❧