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The Carbon Rich List
The report 'The Carbon Rich List' by Sandbag analyzes the EU Emissions Trading Scheme (EU ETS) at a company level for 2008 and projections through 2012. It identifies a group of 'Carbon Fat Cats'—companies that received excessive free permit allocations, allowing them to generate windfall profits or bank permits for future use without reducing emissions. The report highlights a systemic imbalance where the power sector bears the burden of emissions reductions to compensate for industrial surpluses, and recommends tightening the scheme through higher targets, limited offsets, and improved company-level data reporting.
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Document type: Report