Time to agree on an EU Emissions Trading System and a Carbon Border Adjustment Mechanism that work for the climate and support industrial transformation

As trilogue negotiations on EU ETS reform are underway, Civil Society Organizations, including the Green Tank, together with clean industry frontrunners, co-sign an open letter advocating for a strong EU ETS and a well-designed CBAΜ, which would reduce the carbon footprint of the industry, while also protecting its competitiveness.

Organizations place particular emphasis on the timely phase out of free ETS allowances (10% annually between 2026 and 2030, and fully by 2032), their allocation depending on the fulfillment of energy efficiency requirements and decarbonisation plans, and their better targeting to industries/manufacturers that are already investing in clean production processes.

The open letter is available here.