Key facts
- The European Commission's review of the EU Emissions Trading System (ETS) is delayed.
- The review is now scheduled for July 17.
- The European People's Party (EPP) is seeking more free carbon allowances for industry.
- The EPP's proposal concerns the period beyond 2030.
- The goal is to maintain the competitiveness of heavy industry.
The European Commission's scheduled review of the EU Emissions Trading System (ETS) has been postponed by two days, now set for July 17. This delay comes as the European People's Party (EPP) actively advocates for an increase in free pollution allowances allocated to heavy industry. The EPP's proposal specifically targets the period beyond 2030, seeking to maintain the competitiveness of these industrial sectors. The party believes that providing additional free allowances is crucial for industries facing international competition and the costs associated with climate regulations. This move highlights ongoing debates within the EU regarding the balance between ambitious climate targets and the economic viability of its industrial base.