Figures released from the European Environment Agency yesterday indicate that Europe will significantly outperform its 2020 climate target; however, Sandbag finds that the EEA continue to seriously downplay the level of emissions cuts Europe can expect. Moreover, we...
Category: Carbon Pricing
As Paris approaches, an easy route to increased EU climate ambition
As pressure mounts on leaders to reach a new global climate change agreement this December, European policymakers have begun the process of constructing laws that will enforce Europe’s emissions cuts out to 2030. In July, the European Commission released a first major...
Discharging a political storm: Supporting EU competitiveness and innovation in the ETS
On Wednesday, the EU Commission will release new legislation to reform Europe’s key climate policy, the EU Emissions Trading Scheme (EU ETS). This will kick off a year-long debate about how best to marry low carbon ambitions with economic competitiveness. In our...
How does the ETS fit with other EU climate policy?
Some say ditch it, others say it's all we'll ever need. Sandbag's new report, released today alongside an animation and webinar, shows that the Emissions Trading Scheme can only be part of the wide variety of climate policies Europe needs to...
Updated data reinforces Sandbag forecast: carbon market surplus to remain over 2 billion in 2020
Today the European Commission announced that the EU ETS surplus of over 2 billion allowances,fell by only 30 million allowances in 2014. The European Commission data is in line with Sandbag’s 2014 forecast, which Carbon Pulse reported today as the most accurate; only...
Breakthrough reform of EU carbon market agreed
Trialogue discussions between the European Parliament, Council and Commission concluded on Tuesday evening in a landmark agreement to reform Europe’s Emissions Trading Scheme. Sandbag calculates that this agreement could now remove as many as 2.2 billion...
Huge oversupply in EU carbon market persists despite emergency fix
Data released on Monday shows that despite an emergency intervention to remove 400 million emissions allowances, the oversupply in the EU’s carbon market was barely dented in 2014. Analysis from Sandbag finds that, against expectations, the market surplus...
Groundbreaking advances on carbon market reform in EU Council
The European Council has agreed to support a January 2019 start to the Market Stability Reserve, two years earlier than the original Commission proposal.[1] The Council also agreed to place hundreds of millions of unallocated allowances[2] into the Market...
Emissions in Europe’s carbon market reach 2020 target six years early
EU figures published today show domestic greenhouse gas emissions in Europe’s emissions trading scheme fell by 4.9% taking them below their official climate target for 2020.[2] This is exactly as Sandbag forecast, and more accurate than any other carbon market...
Emissions in Europe’s carbon market reach 2020 target six years early
EU figures published today show domestic greenhouse gas emissions in Europe’s emissions trading scheme fell by 4.9% taking them below their official climate target for 2020. download PDF