As the European Parliament and the Council of the European Union attempt to agree on the revision of the EU Emissions Trading System (ETS) and the creation of a ‘Carbon Border Adjustment Mechanism’ (CBAM), a coalition of 22 NGOs, think tanks and industry organisations sent them a joint letter on Monday 7 November urging them to end free carbon allowances “as soon as possible”.
These organisations want CBAM to be fully operational from 2026. At the same time, free allowances under...