This joint op-ed by Norsk Hydro, Alcoa, Bellona Europe and Sandbag was published by Carbon Pulse. The EU’s Carbon Border Adjustment Mechanism (CBAM) was established to extend Europe’s carbon pricing to imported products, aiming to create a level playing field between...
The Carbon Border Adjustment Mechanism (CBAM) was formally adopted on 17 May 2023, two years after the initial proposal by the European Commission. We are now in the midst of the CBAM transitional period and negotiations are continuing for its full entry into...
A wave of low-carbon steel projects should be launched across the EU by 2030 but how commercially viable they are is still to be seen. According to Agora Industry, two critical factors underpin this uncertainty: a carbon price below EUR 150 per tonne of CO2 emissions...
The moment when 196 countries signed on to this Agreement and the ratification threshold was met in 2016, the Requiem for inappropriately low carbon prices started playing in the background.
Zhang Yong hailed the dawn of China’s carbon market today
Sandbag has written to the Polish government (in Polish) on ratification of the Paris Agreement by the European Union. Tomorrow Member States will decide whether to ratify at the extraordinary ENVI Council meeting in Brussels. Poland who was a proud leader of the...
Tomorrow the European Union, alongside over 150 states, will sign the Paris agreement at a ceremony in New York. But can we really live up to the promise of keeping the world below 1.5 degrees warming with the current low level of ambition in the European 2030 climate...
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...
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...