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We need to talk about the MSR

We need to talk about the MSR

The Market Stability Reserve (MSR) in 2020 will contain about 2.2 billion allowances.  The breakdown of this is shown in the chart below under our base case emissions scenario. This amount is largely already known with a high degree of confidence assuming that...
CCU-fuels are not renewable

CCU-fuels are not renewable

 30th NOVEMBER UPDATE The Commission published its proposals for the Renewable Energy Directive today as part of the EU’s Winter Package. You can read them here. Disappointingly, a loophole that allows non-renewable CCU-fuels to contribute to the EU renewables...
Post-truth politics: The EU carbon market

Post-truth politics: The EU carbon market

The surplus in the EU ETS is an old story, but the longer we ignore it, the bigger it grows: Sandbag’s estimate is that by 2020 it will be between 3.9-4.4 billion tonnes including volumes in the MSR. And under current proposals the system will continue adding to the...
Paris means negative emissions

Paris means negative emissions

Brexit may mean Brexit, but Paris means negative emissions. Today, as the global agreement enters into force, governments and civil society must act in concert to deploy carbon negative technology. If governments worldwide are serious in their Paris Agreement plans...
The UK’s carbon price is under threat

The UK’s carbon price is under threat

Sandbag’s new report shows the Carbon Price Support, a tax of £18 per tonne of CO2, has caused UK coal emissions to fall 66% this year. But now some industry voices are calling for the tax to be scrapped. Please help Sandbag persuade the government to keep the Carbon...
Dispelling the waterbed myth

Dispelling the waterbed myth

Additional actions to reduce greenhouse gas emissions are being taken across the EU in sectors covered by the EU Emissions Trading System (EU ETS). These include implementing energy efficiency programmes, deploying renewables, replacing lignite and coal plants with...