Watch the webinar
Background
On 17 July 2026, the European Commission published its review of the EU ETS Directive and MSR Decision. On 11 September, EU ETS rapporteur MEP Peter Liese published a preliminary draft report of the EU ETS review. Both the Commission and Mr. Liese’s proposals increase free allocation, channel revenues from the sale of emission allowances to industry, and decrease the system’s ambition.
In a public webinar, we presented Sandbag’s analysis of the carbon market under different design options, and discussed proposals to mitigate its potential negative impacts.
The webinar took place on 22 September at 3:00 p.m. CET.
Presentation
This shows Sandbag’s analysis of the carbon market under different design options, as well as proposals to mitigate its potential negative impacts
Related publications
September 23, 2026
More on the EU ETS
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This brief proposes that access by airlines to emission allowances from other sectors should gradually be reduced.
EU ETS review: impacts on the market balance
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This brief challenges recent industry claims that EU steelmakers are being harmed by the EU’s Emissions Trading System and finds that the opposite is true.
EU ETS Reform: Let’s not invalidate climate policy!
Based on our updated EU ETS simulator, this technical brief models the impact of the several proposals on the carbon market’s supply/demand balance under the European Commission’s impact assessment emission scenarios.
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Sandbag’s response to the public consultation on the European Commission’s proposed revision of the benchmark values of free allocation of emission allowances (2026-2030).
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ICC reform and expansion risks diverting ETS revenues from real climate action
Sandbag and 14 other organisations urge the European Commission to reform, not expand, the ETS Indirect Cost Compensation scheme — warning that current proposals risk diverting climate funding into untargeted fossil subsidies.