In the Financial Times of 13 July, Cefic President Markus Kamieth reflects on the upcoming review of the EU Emissions Trading System (ETS) and its importance for Europe’s ability to deliver both climate neutrality and industrial competitiveness.
“Europe’s objective cannot be to reach lower emissions through industrial decline.”
In the article, Cefic President, Markus Kamieth, underlines that Europe must ensure climate policy delivers all three: emissions reductions, industrial transformation and competitiveness. He warns that Europe cannot afford to mistake deindustrialisation for decarbonisation and stresses that climate ambition must be aligned with industrial realities.
A successful ETS revision must reflect industrial realities and create the conditions for industry to invest, innovate and decarbonise in Europe.