In an analysis published on Tuesday 26 November, think-tank Bruegel examines the remaining shortcomings in the pricing of emissions from the EU’s energy-intensive industries.
To protect them from foreign competition, which is not subject to carbon pricing, these industries have benefited from free allowances under the EU Emissions Trading System (ETS). The analysis points out that this situation is “distorting the single market” and “nullifying the potential benefits of industrial...