DG CLIMA, European Commission’s (EC) service for climate change mitigation, will publish the proposal of changes to the EU Effort Sharing Decision (ESD) around 20 July. We expect that the proposal has now entered into the ‘interservice consultation’ where it is...
Sandbag publishes a new briefing on Stabilising the Market Stability Reserve Sandbag has published analysis of the impact of Phase 4 EU ETS reforms on the Market Stability Reserve (MSR) to accompany its latest briefing - 'Aligning the surplus with reality'. Sandbag's...
The Emissions Trading System reform is in Committee Stage, and a dark comedy has begun. Many of the measures proposed in the Environment (ENVI) committee draft (by Ian Duncan MEP) ironically act against the environment, condemning the EU to an inadequate response to...
Today, Thursday 26 May Sandbag has released a new report on the cumulative surplus of Annual Emission Allocations (AEAs) under the Effort Sharing Decision (ESD) – the EU’s bigger, but less well-known climate instrument, alongside the EU Emissions Trading System (ETS)....
Update 04/05/16 following full publication of Mr Federley’s proposal The 150 million ETS allowances proposed to be used to top up the Innovation Fund are not destined to be removed the Market Stability Reserve (MSR), as reported in the media (see below). Apologies for...
Tomorrow the European Union, alongside over 150 states, will sign the Paris agreement at a ceremony in New York. But can we really live up to the promise of keeping the world below 1.5 degrees warming with the current low level of ambition in the European 2030 climate...
Sandbag’s recent report on the cement sector highlighted several key flaws in Emissions Trading Scheme (ETS) rules around free allocation of allowances. These rules give rise to perverse incentives to pollute: we estimate the ETS has increased cement sector emissions,...
Today preliminary data released on the 12,194 installations in the EU Emissions Trading Scheme (ETS) show 2015 emissions fell again. Stationary emissions were 1802Mt in 2015 (i.e. excluding aviation), down by 0.6% from 1813Mt in 2014. This is exactly as Sandbag...
See our newest paper “Sharing the Burden – EU ETS Support to Central and Eastern Europe” for detailed policy solutions regarding low-carbon funds in the EU ETS revision. To anybody that follows the post-Paris developments it’s clear that the debate about European...
Sandbag’s new report reveals European climate laws are increasing emissions in the cement sector, whilst multinational cement companies reap huge financial windfalls. The cement sector must be the final Carbon Fatcat; real reform to the Emissions Trading Scheme (ETS)...