European Climate Councils Urge Against Weakening ETS Amid Revision
Climate councils from Denmark, Finland, Germany, and the Netherlands have urged European leaders to maintain the integrity of the EU Emissions Trading System (ETS) during its revision. Weakening the ETS could jeopardize climate goals, economic competitiveness, and energy security in the EU.
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A coalition of climate councils from Denmark, Finland, Germany, and the Netherlands has called on the European Commission, European Council, and national governments to avoid weakening the EU Emissions Trading System (ETS) during its ongoing revision, which must conclude in H1 2027. They argue that any dilution of the ETS could delay necessary emissions reductions, jeopardizing the EU's climate neutrality goals and fostering dependency on fossil fuels.
Additionally, weakening the ETS would disadvantage companies that have invested in sustainability while incentivizing inaction, potentially leading to long-term price increases for emission allowances. The councils highlight that a robust ETS is vital for stimulating sustainable investments and innovation, ensuring the EU's competitive edge.
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