Sandbag is a UK based not-for-profit organisation campaigning for environmentally and economically effective climate policies, with a focus on the EU Emissions Trading System (ETS).
Our campaigns are supported by in-house research that monitors the environmental robustness of the ETS, the distribution of allowances, and how key sectors, installations and companies in the scheme are affected.
Through small changes in carbon markets, both in Europe and across the world, billions of tonnes of carbon dioxide can be prevented from entering the atmosphere; with our analysis and lobbying, we can make sure that’s what happens.
Join us in calling for tighter caps on emissions and/or take direct action to cancel carbon permits now.
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posted by Laurence on 15th Oct 2014

Despite radical changes introduced to the European carbon market in 2013, our new report today reveals that hundreds of millions of excess carbon allowances continue to be issued, with a disproportionate share of these being awarded for free to Europe’s “Carbon Fatcat” companies.

In order for companies to emit greenhouse gases they need a Government issued carbon allowance but far too many are being created. Sandbag analysis, which forms part of a wider review of the emissions trading policy reveals the excess allowances available reached 2.1 billon at the end of 2013 and is growing by as much as 13 tonnes a second. Just 10 companies emitting one tenth of Europe’s greenhouse gases account for over a fifth of the massive surplus that has accumulated. Sandbag calls these companies Europe’s “Carbon Fatcats.”

Read on to find our more about our latest report.

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