Eight EU nations towards stopping the ETS proposed by Italy | EUROtoday

Listen to the audio model of the article

Eight EU nations reject the request, made by Italy, to droop the European CO2 emissions buying and selling market. The ETS – we learn in a non-paper signed by Denmark, the Netherlands, Sweden, Finland, Spain, Portugal, Slovenia and Luxembourg – “is the cornerstone of EU climate policy” and “making fundamental changes, questioning the instrument itself or suspending it would constitute a very worrying step backwards, not only in terms of climate ambition, but also because it would weaken the carbon price signals that support investment and market stability”.