Why was the CBAM proposed in the first place? In July 2021, the EU announced its Fit for 55 package - a sweeping set of climate and energy policy proposals which forms the EU’s approach to combat the effects of climate change. This package is the EU’s toolkit for...
Category: Industrial
A storm in a teacup: impacts and geopolitical risks of the European Carbon Border Adjustment Mechanism
Report | A storm in a teacup Impacts and geopolitical risks of the European Carbon Border Adjustment Mechanism. Sandbag and E3G were commissioned by Energy Foundation China to analyse the impact of the CBAM proposed by the European Commission in its Fit For 55...
New study shows limited trade impacts of European Carbon Border Adjustment Mechanism
The impact of the likely Carbon Border Adjustment Mechanism (CBAM) on European importers will be minor, according to a new report by Sandbag and E3G. The CBAM only covers 3.2 percent of goods imported into Europe, but 47 percent of the free emission allowances...
A Storm in a Teacup: preliminary findings on the CBAM proposal
[Update: check out our latest analysis of the Fit For 55's CBAM proposal] Last month, a draft regulation proposal for a Carbon Border Adjustment Mechanism (CBAM) was leaked by the European Commission. Sandbag analysed its scope and impacts on the EU's foreign trade. ...
Untangling the knots – Clearing the way to fast green hydrogen deployment
As the EU and some of its Member States are piling up subsidy schemes to try and kickstart a market for 'clean' hydrogen, projects are starting to attract public funding for applications with often low levels of technological readiness, economic viability, or even...
European Parliament clings to false solutions in Hydrogen Strategy vote
Committee MEPs are set to approve a report laden with risks to the EU's renewable energy transition on Monday 22 March. They want to see so-called "low-carbon hydrogen" - which is produced with climate-destroying fossil fuels - eligible for public funding and policy...
European Parliament approves CBAM report but fails to take firm stance on Free Allocation
The European Parliament has voted to approve an Own Initiative report on the Carbon Border Adjustment Mechanism (CBAM). However, parliamentarians have missed an opportunity in removing the call for the phase-out of free allocation from the final report. Despite the...
Parliament Carbon Border Adjustment vote a welcome call for EU ETS reform
The European Commission’s plan for a Carbon Border Adjustment Mechanism cleared its first hurdle today as the ENVI Committee of the European Parliament passed an own initiative report broadly supportive of the mechanism. The report regards a Carbon Border Adjustment...
Benchmarks and Free Allocation: Details reveal problems in the EU ETS
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...
Sustainable Products Initiative: circularity requirements to drive industrial decarbonisation
When the European Commission launched the Circular Economy Action Plan in March 2020, it contained many ambitions to be worked out in future legislative projects. One of these is the Sustainable Products Initiative, which has the mammoth task of making the multitude...