Sep 22, 2022 | EU Emissions Trading System (ETS), Industry, Steel
In 2021, over 14 million gross tonnes of ships were dismantled, with a third owned by European firms and largely scrapped in South Asia. This practice exports high-quality scrap steel that could otherwise support low-carbon steelmaking in Europe. However, EU carbon market rules currently favour carbon-intensive blast furnaces over cleaner electric arc furnaces (EAFs) by allocating more free emissions allowances to the former. This distorts incentives, discouraging investment in greener technologies. Sandbag calls for a faster phase-out of free allowances and a more comprehensive CBAM to promote domestic recycling and decarbonisation.
Jul 21, 2022 | Climate Financing, EU Emissions Trading System (ETS)
RePowerEU financing plan shows how market makes decarbonisation harder Read Sandbag’s feedback to RePowerEU on the European Commission’s website. We welcome immediate action to reduce Europe’s dependency on Russian fossil fuels in the face of its aggression against...
Jun 20, 2022 | Industry, Steel
New research by Sandbag indicates that a better use of end of life steel objects would help to speed up the reduction of emissions from the sector in Europe…
Jun 20, 2022 | Industry, Steel
Report | Starting from scrap The key role of circular steel in achieving climate goals. This report aims at highlighting the role circularity can have in the fast decarbonization of the steel sector. How can European industrial and climate policy accelerate this...
Jun 20, 2022 | Hydrogen, Industry
Preventing double counting: Sandbag challenges methodology on green hydrogen (RFNBO). Sandbag welcomes the opportunity offered by the European Commission to provide feedback on the draft Delegated Act defining a method for assessing greenhouse gas emission savings for...
