New analysis by Sandbag looks at the 2015 power sector in Europe. The data shows that 2015 saw a record increase in renewables generation, equal to 2.5% of European electricity demand. But despite this, power sector CO2 emissions are expected to fall by only about...
A recent report by the consultancy Ecofys for the European steel association Eurofer suggests steel companies face costs of €28/tonne of steel to comply with ETS obligations by 2030. However, at Sandbag we are sceptical that the proposed revision to the Emissions...
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...
Sandbag has prepared the following statement in reaction to the Commission’s revision of the EU ETS Directive published earlier today. download PDF
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...
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...
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;...
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...
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...
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