A leaked European Commission document suggests that pollution subsidies to industry under the EU’s Emissions Trading Scheme will increase to around €150 billion after 2020. The subsidy is under consideration because some industry sectors claim that the EU’s carbon market puts them at a competitive disadvantage, when in fact carbon pricing has been successfully introduced in many other regions as well. The proposal to shield industry from Europe’s main climate instrument sends the wrong signal ahead of the climate summit in Paris in December where countries are expected to sign a global climate agreement applying to all sectors and regions.