Italy urges pause on EU carbon market amid competitiveness fears

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Source: Euronews.com
Italy urges pause on EU carbon market amid competitiveness fears
Photo: Euronews.com
TL;DR Summary

Italy's Industry Minister Adolfo Urso asked the EU to suspend the Emissions Trading System until a comprehensive reform is unveiled later this summer, arguing the ETS acts as a tax on energy-intensive firms and harms European competitiveness, while Nordic industry groups stress the ETS as a key, reformable tool.

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