Watch: Open revolt against ETS - what the EU should do now?

Published on 20/03/2026 - 8:21 GMT+1

ETS, truthful Emissions Trading System, is fundamentally Europe's c market.

It works connected a elemental "polluter pays" principle. Heavy industries, powerfulness plants, and airlines indispensable bargain allowances to screen the c they emit into the atmosphere.

It is utilized for 2 main goals: to unit companies to chopped their greenhouse state emissions, and to propulsion them to put successful sustainable, greenish technologies.

Since 2005, the ETS has slashed greenhouse state emissions by 39 percent and has generated implicit 260 cardinal euros to money cleanable energy.

But 10 subordinate states, including Italy, Poland, and Austria, accidental the strategy is moving excessively fast. Italian Industry Minister Adolfo Urso adjacent called the ETS a taxation with a "perverse effect," informing it prevents Europe from competing globally.

And critics reason that with vigor prices already soaring from the warfare successful Iran, adding precocious c costs creates an existential hazard for European businesses.

The chemic assemblage unsocial reports that implicit 100 facilities person unopen down, wiping retired 75,000 jobs.

Now, they are issuing an ultimatum. Italy is pushing to suspend the strategy wholly and the remainder request the EU widen escaped c allowances beyond 2034.

Look - I cognize each of that sounds method but 1 happening is clear: the vigor modulation is nary longer conscionable a clime goal. It has go a conflict for European information and concern survival.

Watch the Euronews video successful the subordinate supra for the afloat story.