The EU is revising the ETS
ETS to remain heart of EU climate policy
Carbon border adjustments could encourage scheme’s influence in other regions, according to panel
The EU’s Emissions Trading System (ETS) will remain at the core of the bloc’s climate policy despite concerns about rising power prices, according to a panel at the FT Commodities Global Summit this week. The scheme has come under fire for adding to power prices at a time when household bills are unprecedentedly high. Poland—a longtime ETS critic—has warned it might withdraw from the scheme unless the EU makes changes to it. And the crisis in Ukraine will only add to pressure on household energy bills. But there is another, more important factor at play, according to Hannah Hauman, head of carbon trading at trading house Trafigura. “We see the recent crisis as just doubling down on the energ
Also in this section
22 July 2025
Sinopec hosts launch of global sharing platform as Beijing looks to draw on international investors and expertise
22 July 2025
Africa’s most populous nation puts cap-and-trade and voluntary markets at the centre of its emerging strategy to achieve net zero by 2060
17 July 2025
Oil and gas companies will face penalties if they fail to reach the EU’s binding CO₂ injection targets for 2030, but they could also risk building underused and unprofitable CCS infrastructure
9 July 2025
Latin American country plans a cap-and-trade system and supports the scale-up of CCS as it prepares to host COP30
