On 14 July a long-expected reform proposal of Europe’s carbon market was published by the European Commission. Far from addressing the market’s main issues, it barely adds a few patches and increases the risk of exceeding the cap. Cap: LRF, rebasing, maritime...
This analysis is based on estimations using data available as of 1 April 2021. It will be updated as more data is made available during the coming weeks. The European Commission has released the bulk of its data on reported emissions from EU ETS sectors for the year...
The latest data analysis from think tank Sandbag shows that the reforms being widely considered for the EU ETS are unlikely to be effective drivers of decarbonisation, as they will fail to deal with the surplus of emissions allowances (EUAs) within the system. Using...
It’s a major year of reform for many aspects of the EU ETS, and aviation is no exception. The European Commission will soon decide how its key climate policy will interact with international attempts to tackle greenhouse gas emissions from air travel. As the public...
Sandbag is actively campaigning for changes to the EU ETS benchmarking system and an end to free allocation in the upcoming EU ETS reform. In the meantime, the current EU ETS remains in place. On the 1st January we entered into Phase IV of the EU ETS, and the European...
In just one month, Phase IV of the EU ETS will start, bringing in many changes that were negotiated during past revisions of Europe’s carbon market. But even more changes are coming down the line, as the European Commission gets ready to present another EU ETS...
As the EU aims for climate neutrality by 2050, the aviation sector is lagging far behind in terms of climate action. Greenhouse gas emissions from aviation are increasing rapidly, and the sector receives many tax exemptions and state subsidies. Within Europe, the main...
One among the many consequences of Brexit is the departure of the UK from the EU ETS. The UK will leave the EU’s carbon market in January 2021, and the UK government plans to set up an independent UK Emissions Trading Scheme on that date. Sandbag were asked by the...
The EU ETS Phase II (2008-2012) was badly affected by an economic crisis of historical proportions which saw a massive drop in demand for allowances on the carbon market. This put a shock in the ETS system and the carbon price dropped from 30 EUR/t in 2008 to the...
Industry emissions experience biggest annual drop towards end of Phase III Disclaimer: Analysis done on the basis of number available on EUTL on April 1st COB 2020, some verified numbers still due to be coming in by May 2020 Reported 2019 emissions were 1523 MT CO2...