In a letter sent to Executive Vice-President Teresa Ribera and Commissioner Wopke Hoekstra on Monday 4 May, Eurochambres president Vladimír Dlouhý called on the European Commission to better adapt the ETS system to the current difficulties faced by businesses.
Eurochambres is calling for the reduction trajectory to be revised to take better account of companies’ technological constraints and for the phasing out of free allowances to be postponed until the Carbon Border Adjustment Mechanism (CBAM) has demonstrated its effectiveness, as well as for compensation for indirect costs to be maintained beyond 2030.
Ensuring realistic and economically viable ETS benchmarks, limiting excessive volatility in ETS prices and strengthening market stability are requirements that are also highlighted.
For Eurochambres, there is also a need to ensure sufficient funding for industrial decarbonisation and large-scale deployment of clean technologies, to rapidly integrate carbon capture into the Emissions Trading System, to allow effective use of international carbon credits and, finally, to preserve the competitiveness of EU ports under the maritime ETS.
See the letter: https://aeur.eu/f/lto (Original version in French by Camille-Cerise Gessant)