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...
Category: EU Emissions Trading System (ETS)
Breakthrough reform of EU carbon market agreed
Sandbag's reaction to landmark deal to reform the EU ETS struck at Trialogue in Brussels on evening of May 5th 2015 download PDF
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
The Eternal Surplus of the Spineless Market
New analysis from Sandbag shows that even with a strong Market Stability Reserve (MSR), the Emissions Trading Scheme (ETS) surplus will stay at about two billion tonnes until 2020. This will mean, contrary to some other analysts predictions, a tonne of carbon...
Parliament makes landmark decision on fixing Europe’s carbon market
Today the EU Parliament endorsed an extensive package of reforms to rescue Europe’s carbon market. The package would from 2018 begin tackling the current 2 billion tonne oversupply of carbon allowances and prevent an avalanche of roughly 1.6 billion allowances...
Parliament makes landmark decision for fixing Europe’s carbon market
Today the EU Parliament endorsed an extensive package of reforms to rescue Europe’s carbon market. Today’s package would from 2018 begin tackling the current 2 billion tonne oversupply of carbon allowances and prevent an avalanche of roughly 1.6 billion allowances...
European Commission’s carbon market fix could face ten year setback
In a new report published today, Sandbag finds that the European Commission’s proposal to tackle the oversupply of 2 billion allowances in the EU carbon market, could take a decade to get supply below current levels. download PDF
EU Industry Committee fails to reach agreement on carbon market fix
Today the European Parliament’s Industry Committee (ITRE) failed to reach agreement on the on the Market Stability Reserve (MSR), the Commission’s proposed fix for the oversupplied EU carbon market. This often environmentally conservative committee came very close to...