Seven EU-member countries have sent a statement to the European Commission calling for it to resist gutting the Emissions Trading System in its review of the cap-and-trade regime, due out next week.
The Netherlands, Denmark, Spain, Finland, Portugal, Luxembourg and Sweden signed a statement seen by POLITICO rejecting calls from industry and a growing gang of rival countries to weaken the landmark climate policy.
“Reducing the EU’s dependence on imported fossil fuels and accelerating clean energy and industry technologies are key to improve competitiveness,” reads the letter. “Within this context, the EU ETS remains the cornerstone for a cost-effective transition.”
Instead of weakening it, they say, the Commission should “strengthen the EU ETS and make it future-proof to ensure long-term investment predictability and regulatory stability.”
