The regular update of the benchmark values for free allowances under the EU ETS is a necessary step to ensure that the last years of the free allocation system are fully coherent with the aim of a full phase-out by 2034 for all sectors, and provide the investment signals necessary to funnel funding into industrial decarbonisation. For these reasons, Carbon Market Watch (CMW) welcomes the mandated update of the sectoral benchmarks and appreciates the efforts of the European Commission in maintaining the process rules-based against the continuous attacks of different stakeholders. The Court of Auditors confirmed that free allocation hampers decarbonisation efforts. Benchmark values must be updated with the long-term goal of phasing out the free allocation system. Our full feedback is in the document attached.