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Welcome to Sandbag’s newsletter! In this edition, we update you on the ongoing debate around carbon removals and bring you must-reads on the Carbon Border Adjustment Mechanism (CBAM), EU Emissions Trading System (ETS), and industry decarbonisation.
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Our latest updates
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In or Out: What's best for carbon removals and the EU ETS?
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Save the date! Next week, we will release a policy brief exploring possible future interactions between CDR and the EU ETS. Check our dedicated webpage for updates.
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Towards 2040 and beyond: The role of carbon removals in the EU climate framework - CO2ol Down Project
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Watch a recording of the recent event hosted by Carbon Market Watch, sharing the results of the CO2ol Down Project in which we actively participated. The project brought together various stakeholders to make actionable proposals to improve EU governance of carbon removals in a way that respects climate and biodiversity objectives.
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What is the current state of the CBAM and what can we expect after the transitional period? For answers, read our presentation at the Shanghai Dialogue during the China International Import Expo. The slides are now available from Agora Energiewende, who hosted the session.
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Recommended readings
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The Balancing Act: Risks and Benefits of Integrating Permanent Carbon Removals into the EU ETS
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Read Clean Air Task Force and CONCITO's report, which analyses the possible integration of permanent carbon removals into the EU ETS, and addresses the potential impacts on the functioning and integrity of the system, and the effects on the demand for permanent carbon removals.
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Including products further down the value chain in the EU CBAM
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ERCST's report explores which factors guide the inclusion of downstream goods in the Carbon Border Adjustment Mechanism (CBAM) and which types of products should be considered for the CBAM’s expansion to prevent circumvention.
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Shaping India's Carbon Market: Perspectives from India and the World
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Learn about how various ETS operate worldwide! In this report from the Centre for Science and Environment, you'll also get an Indian perspective on the EU ETS. Read "The Indian Carbon Market: Pathway Towards an Effective Mechanism" for more insights.
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Selected Sandbag 2024 work
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Metallurgical flexibility: Enabling the aluminium and steel sectors for demand response
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Electrification and flexibility are critical to decarbonising both industrial and electricity systems. But what happens when we combine the two? Industrial flexibility will play an increasingly important role as industry moves towards electrification.
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A closer look at 2023 emissions: steelmaking caused a quarter of industry pollution
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Don't underestimate the impact of the iron and steel industry on carbon emissions! Discover our analysis of 2023 emissions under the EU ETS, based on the latest data available from the EU Transaction Log (EUTL).
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Steel and CCS/U: Decarbonisation potential, costs, and bottlenecks
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Carbon Capture, storage and/or utilisation (CCS/U) technologies are often seen as a panacea for heavy industry decarbonisation, but their effectiveness and relevance vary widely across applications. This report assesses their effectiveness for iron and steel manufacturing in Europe.
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A Scrap Game: Impacts of the EU Carbon Border Adjustment Mechanism
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What will be the impact of the CBAM on the EU's key trade partners like China? Get the full analysis.
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We want to hear from you!
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Do you have feedback on our newsletter? Let us know!
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Connect with us on social media to stay updated on our activities and get involved!
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