In a letter dated Wednesday 30 April, around fifty European players in the energy sector called on the EU and the UK to strengthen their cooperation by linking their emissions trading systems (ETS), against a backdrop of “increasing costs and fierce global competition” for industries across Europe.
Better coordination could reduce electricity costs by €44 billion a year and cut emissions by 24% by 2040, according to the signatories, who cite a study carried out by the Baringa...