CO2 emissions from Estonian industrial and energy companies covered by the EU ETS rose by 23% in 2022, according to the country's Ministry of Environment. This increase in emissions was driven by the production of electricity from oil shale. Indeed, the energy crisis that hit Europe and Russia's attack on Ukraine significantly increased the price of natural gas, which made fossil fuels with higher greenhouse gas (GHG) emissions, such as coal or oil shale, more competitive on the electricity market.
In Estonia, 43 companies belong to the EU ETS, among them electricity and thermal energy, shale oil, paper and paper pulp, brick, lime and glass and light gravel producers. CO2 emissions from Estonian industrial and energy companies covered by the EU ETS remain 47% below their 2013 level.
Interested in Global Energy Research?
Enerdata's premium online information service provides up-to-date market reports on 110+ countries. The reports include valuable market data and analysis as well as a daily newsfeed, curated by our energy analysts, on the oil, gas, coal and power markets.
This user-friendly tool gives you the essentials about the domestic markets of your concern, including market structure, organisation, actors, projects and business perspectives.