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Fixing the Innovation Fixation
The EU’s Innovation Fund, launched in 2018, is the EU’s programme for funding cutting-edge low-carbon technologies. To be eligible, projects must be, according to the European Commission, highly innovative, cost-efficient, mature, scalable, and have a significant emission reduction potential. The Innovation Fund is financed using revenues from the Emissions Trading System (ETS), under which certain sectors have to buy emission permits (allowances) in order to be allowed to pollute.
Free Allocation Needs to Incentivise Circularity for the EU to Reach Net Zero
From Process to Product: A Fix to the Allocation of Free Emission Permits to Industry
The Net Zero Industry Act: all industry, no net zero
The European Hydrogen Bank: a recipe for competitive distortion
EU Criteria for Green Hydrogen: How They Could Increase Relience on Thermal Power and Hijack the Energy Transition
On February 13th 2023, the European Commission released two pieces of legislation to provide criteria defining renewable hydrogen products. The so-called Delegated Acts matter because they set out how to comply with other regulations under review which will force ships, aircraft and heavy industry to use a minimum content requirement of the fuel, such as the Renewable Energy Directive, REFuelEU Aviation and FuelEU Maritime.
Mind the Scrap: Ignoring Embedded Emissions Puts the CBAM at Risk
Lost opportunity of carbon market reform leaves a lot to fix in ancillary laws
Sandbag warns that EU carbon market reforms raise ambition but fail to fix structural flaws: free allocation is phased out too slowly, CBAM coverage remains partial, benchmarks still reward polluting processes, and circularity is sidelined-risking inefficiency, distortions, and missed decarbonisation opportunities
What’s new in the ETS trilogues? Benchmark revisions (or not!)
An Export Solution for a Faster CBAM Phase-in
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