EU ETS Under Pressure as Industry Pushes for Reforms Frays Green Deal
TL;DR
EU leaders pressed to revise the Emissions Trading System as heavy industry urged lower carbon costs, triggering a price drop from about €81 to €72 and sparking talks on reforms ahead of a summer review. While the ETS has reduced emissions since 2005, critics warn high prices hurt competitiveness and investor confidence, even as some leaders defend the system and others push for adjustments.
Topics:worldenvironment#carbon-pricing#emissions-trading-system#environment#eu-green-deal#industry-backlash#market-volatility
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