A strong reform of the EU Emissions Trading System (ETS) and a well-designed Carbon Border Adjustment Mechanism (CBAM) can truly help slash emissions from the goods we produce and import, create a level-playing field for Europe’s low-carbon manufacturers and stimulate the demand and supply of clean industrial products.
As the negotiations to finalise the reform of the EU ETS and the implementation of CBAM continue, we reach out to the negotiators as a broad coalition of civil society organisations and clean industry frontrunners active in the EU. We urge you to ensure that the following elements are included in the final legislation:
- Free ETS allowances are phased-out as soon as possible
- Better and timebound targeting of free ETS allowances