We have strong concerns regarding the legislative texts on the revision of the Emissions Trading Scheme (ETS) and the Carbon Border Adjustment Mechanism (CBAM), presented by the European Commission, Council and Parliament. All three bodies have proposed to extend the...
Category: CBAM
EU ETS Reform – Policy Suggestions for the European Parliament
Achieving the increased EU climate targets and the goals of the Paris Agreement requires strong incentives to be set for the economy to decarbonise. A significant part of the EU’s carbon emissions is found in the industrial sectors. Consequently, a more robust...
Urgent: CBAM needed to abolish free allocation under the EU ETS
Why was the CBAM proposed in the first place? In July 2021, the EU announced its Fit for 55 package - a sweeping set of climate and energy policy proposals which forms the EU’s approach to combat the effects of climate change. This package is the EU’s toolkit for...
A storm in a teacup: impacts and geopolitical risks of the European Carbon Border Adjustment Mechanism
Report | A storm in a teacup Impacts and geopolitical risks of the European Carbon Border Adjustment Mechanism. Sandbag and E3G were commissioned by Energy Foundation China to analyse the impact of the CBAM proposed by the European Commission in its Fit For 55...
New study shows limited trade impacts of European Carbon Border Adjustment Mechanism
The impact of the likely Carbon Border Adjustment Mechanism (CBAM) on European importers will be minor, according to a new report by Sandbag and E3G. The CBAM only covers 3.2 percent of goods imported into Europe, but 47 percent of the free emission allowances...
A Storm in a Teacup: preliminary findings on the CBAM proposal
[Update: check out our latest analysis of the Fit For 55's CBAM proposal] Last month, a draft regulation proposal for a Carbon Border Adjustment Mechanism (CBAM) was leaked by the European Commission. Sandbag analysed its scope and impacts on the EU's foreign trade. ...
European Parliament approves CBAM report but fails to take firm stance on Free Allocation
The European Parliament has voted to approve an Own Initiative report on the Carbon Border Adjustment Mechanism (CBAM). However, parliamentarians have missed an opportunity in removing the call for the phase-out of free allocation from the final report. Despite the...
Parliament Carbon Border Adjustment vote a welcome call for EU ETS reform
The European Commission’s plan for a Carbon Border Adjustment Mechanism cleared its first hurdle today as the ENVI Committee of the European Parliament passed an own initiative report broadly supportive of the mechanism. The report regards a Carbon Border Adjustment...
Carbon Border Adjustments in the EU: who, what, when, why and how?
The public consultation on the Carbon Border Adjustment Mechanism is coming to a close. The European Commission has been collecting stakeholder opinions on one of its most talked-about policy projects: ensuring that imports to the EU are subject to the same carbon...
New EU border tariffs will boost low-carbon cement
31st January, Brussels - As the EU debates whether to raise border tariffs on cement, new research by environmental think-tank Sandbag shows the proposed tariffs can create better incentives to cut cement emissions and reward companies that produce low-carbon cement....