Jul 5, 2016 | Climate Governance, Publications
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...
Jun 16, 2016 | Carbon Pricing, ETS, Publications
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...
Jun 16, 2016 | Carbon Pricing, ETS
Today Sandbag published a new briefing on Phase 4 reform of the EU ETS, providing new insights on different scenarios for reducing the surplus of European Union Allowances (EUAs). Below is a summary of the key messages and findings that are detailed in the briefing:...
Jun 9, 2016 | Carbon Pricing, ETS, Publications
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...
May 26, 2016 | Climate Governance, Publications
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)....
May 20, 2016 | Carbon Pricing, Climate Governance, ETS
In a recent communication responding to the Paris Climate agreement, the European Commission made clear that it does not intend to increase the level of its climate ambition until after 2030. This ignores the clear mandate the Paris Climate agreement provided to...
Apr 28, 2016 | Carbon Pricing, ETS
This week, Sandbag presented its ‘tiering’ proposal to the Environment Committee shadow rapporteurs meeting on reforming the Emission Trading Scheme. The proposal recommends a way to improve ‘carbon leakage’ protections, with a nifty boost for ambition at the same...
Apr 26, 2016 | Carbon Pricing, ETS, Financing, Publications
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...
Apr 21, 2016 | Climate Governance, International, Publications
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...
Apr 4, 2016 | Construction, Industry, Publications
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,...
