In a letter published on Wednesday 13 May, 80 major Nordic companies and investors call on the EU Heads of State or Government, in the context of the negotiations on the future of the EU Emissions Trading System (EU ETS), to ensure “a strong, predictable and technology-neutral framework that rewards emissions reductions in industry and transport wherever and however they are delivered”.
The Climate Leadership coalition is calling for predictable and consistent EU Emissions Trading System that serves as a cornerstone for industrial transformation, innovation and fair competition, without punishing early movers.
The letter calls on leaders to reinvest EU ETS auctioning revenues back to industries and transport operators to finance needed innovations and efforts to drive transition, and to develop a post-2030 climate policy that secures long-term investment visibility.
The signatories represent a combined annual worldwide turnover of €303 billion and employ 653,000 people. Signatories include Volvo Cars, Nokia, Nordea Bank, Ørsted, Electrolux, Neste and Vattenfall. The European Commission is due to present an overhaul of the system on 15 July.
Link to the letter: https://aeur.eu/f/lvx (Original version in French by Solenn Paulic)