How to resuscitate a carbon market

12 February 2017 A Fact Check on ETS reform claims As alternative facts fly around the European institutions as the ETS reform process comes to a close, Sandbag looks at the truth on what the ETS reform might mean for industry. We focus especially on the cement, steel...

Assessing the ENVI proposal on ETS reform

7 February 2017 In December 2016, the European Parliament’s Environment Committee (ENVI) put forward their proposal on fixing the failing Emissions Trading System (ETS). In this presentation, we assess what the ENVI proposal would change, and where more work is...

The Three Billion Tonne Problem

1 February 2017 Sandbag’s new analysis of European emissions in 2016 reveals that the EU ETS has hit a new record of 3 billion tonnes of surplus EUAs, including both volumes available to the market and those destined for the MSR. This record surplus and accompanying...

The Cement Industry of the Future

31 January 2017 As the EU debates whether to raise border tariffs on cement, new research shows that a border adjustment mechanism would offer better incentives to cut cement emissions than the current EU ETS free allocation, whilst rewarding companies that produce...

Caution! Free allocation on the rise

6 December 2016 In October 2014, the EU Council opted to continue allocating free allowances to protect certain sectors from the assumed risk of carbon leakage in Phase 4 of the EU ETS. However, experience has shown that such decisions can lead to many highly emitting...