Letter to members of the European Parliament Environment (ENVI) committee
Letter to members of the European Parliament Environment (ENVI) committee The negotiations on key climate files of the Fit For 55 package which was launched by the European Commission in July 2021, are approaching critical moments. On 16-17 May, the Environment (ENVI)...
Reform, not a patch, will curb carbon price volatility
Reform, not a patch, will curb carbon price volatility As energy prices hit record levels, the European Union’s carbon emissions permits – which hit €100 on futures markets in February – have been accused of making electricity too expensive, and although natural gas...
Risk of surplus with Market Stability Reserve – a short story
The EU is in the process of reforming its carbon market (EU ETS) in line with raising the bloc’s emission reduction target up to 55%, from 40% currently. Amongst the many features…
Time to vote for an EU Emissions Trading System (ETS) that works for climate and industrial transformation
Today the ITRE Committee of the European Parliament will vote on some key aspects of the bloc’s Emissions Trading Scheme. Sandbag has teamed up with other NGOs…