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EU's Emissions Trading System Faces Industry Backlash, Revisions Ahead

2/27/2026

Summary

Story summary

The European Union faces debate over the Emissions Trading System (ETS) as industry leaders question its effectiveness, with revisions planned this year.
Italy's Industry Minister Adolfo Urso called for suspending the ETS, citing costs that hinder competitiveness.
BusinessEurope urged retaining free carbon permits for industries, opposing their phase-out by 2034.
Nordic industry leaders defended the ETS as crucial for investment in clean technologies despite a watchdog report noting heavy lobbying.

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Story summary

The European Union faces debate over the Emissions Trading System (ETS) as industry leaders question its effectiveness, with revisions planned this year.
Italy's Industry Minister Adolfo Urso called for suspending the ETS, citing costs that hinder competitiveness.
BusinessEurope urged retaining free carbon permits for industries, opposing their phase-out by 2034.
Nordic industry leaders defended the ETS as crucial for investment in clean technologies despite a watchdog report noting heavy lobbying.