Sandbag’s submission to DG TAXUD’s Informal Expert Group on the Analytical Methods for the Monitoring, Reporting, Quantification and Verification of Embedded Emissions in Goods under the Scrope of the Carbon Border Adjustment Mechanism (CBAM). According to notes...
The second ETS trilogue took place last week on October 11th. Tabled proposals on benchmarks regarding the steel...
In 2021, over 14 million gross tonnes of ships were dismantled, with a third owned by European firms and largely scrapped in South Asia. This practice exports high-quality scrap steel that could otherwise support low-carbon steelmaking in Europe. However, EU carbon market rules currently favour carbon-intensive blast furnaces over cleaner electric arc furnaces (EAFs) by allocating more free emissions allowances to the former. This distorts incentives, discouraging investment in greener technologies. Sandbag calls for a faster phase-out of free allowances and a more comprehensive CBAM to promote domestic recycling and decarbonisation.
New research by Sandbag indicates that a better use of end of life steel objects would help to speed up the reduction of emissions from the sector in Europe...
Report | Starting from scrap The key role of circular steel in achieving climate goals. This report aims at highlighting the role circularity can have in the fast decarbonization of the steel sector. How can European industrial and climate policy accelerate this...
EU ETS reform risks failing to cut the steel sector’s emissions whilst boosting the sector's unearned profits - this was the key message of a letter delivered yesterday to Heads of European Member States from Climate Action Network Europe (of which Sandbag is a...
In its press release following the Environment Council’s (ENV) agreement on a general approach for reform of the EU Emissions Trading System (ETS), the European Steel Association (EUROFER) accuses the Council of falling short on carbon leakage protection. However,...
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...
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