RePowerEU: Fiddling with the Carbon Market puts the Climate at Risk
RePowerEU: Fiddling with the Carbon Market puts the Climate at Risk [See new analysis with EC, EP and Council proposals] The European Commission’s plan to raise revenues from the Emissions Trading Scheme (ETS) increases the risk to exceed the market’s emission limit....
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…
Emissions covered by the EU’s Emissions Trading Scheme rebound but allowances in circulation remain as high as in 2019
Emissions covered by the EU’s Emissions Trading Scheme rebound but allowances in circulation remain as high as in 2019 This analysis is based on estimations using data available as of 4 April 2022. It will be updated as more data is made available during the coming...
EU ETS Reform – Policy Suggestions for the European Parliament
EU ETS Reform - Policy Suggestions for the European Parliament Achieving the increased EU climate targets and the goals of the Paris Agreement requires strong incentives to be set for the economy to decarbonise. A significant part of the EU’s carbon emissions is found...
EU ETS Revenues: Who Receives What? The Trillion Euro Question
EU ETS Revenues: Who Receives What? The Trillion Euro Question This brief gives an analysis of the EU ETS Revenues, and aims to highlight, under various scenarios, how much is allocated to industry, Member States, and the Union’s budget respectively. The European...