Concerned about the socio-economic consequences of the current surge in energy prices, the Greek delegation sent a briefing note to the other EU Member States on Wednesday 29 September, calling for a “temporary hedging mechanism” linked to the EU Emissions Trading System (ETS) to support European citizens.
This mechanism, fed by the revenues of the ETS system, “could be a possible way to address the increasing cost to be borne by EU citizens”, according to the Greek delegation.