New Energy
EU Emissions Fall as Renewable Energy Surges
New wind and solar and a decline in fossil fuels have driven a drop in emissions.
Wind turbines and electricity transmission pylons in Lindenberg, Germany.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Greenhouse gas emissions in the European Union fell by more than 8% in 2023, driven by a growth in renewable energy sources.
The drop is the second-largest annual decline in decades, behind 2020, when the Covid-19 pandemic led to a reduction of almost 10%, according to the European Commission. It follows a decrease of just 2% in 2022 compared to 2021. Emissions have fallen by 37% since 1990, despite GDP growth during the same period of 68%, showing the de-linking between the two factors, the European Commission said.