“The European proposal to revise the ETS is, for the Italian industry, unsatisfactory, as demonstrated by today’s trend in the price of allowances on the market, which are rising. A sign that a deep revision was expected but did not happen. The Commission’s proposal is limited to interventions with only marginal effects in the short term and does not address the structural criticalities of the system in the global context.”
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Thus the president of Confindustria, Emanuele Orsini, in a statement. “The release of a very small portion of free allowances, moreover conditioned on investments in decarbonization, and the absence of any measure to reduce the volatility of CO2 prices and financial speculation alarms us, but does not stop us. We will continue this battle with a constructive spirit and even greater determination, together with our European partners, for an ETS system that protects the climate without sacrificing industry, employment, investments, and European production sovereignty.”
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