Europe: Ecocem, Heidelberg Materials and Holcim are three of more than 100 companies to sign an open letter calling on EU leaders to maintain a 'strong and credible' EU Emissions Trading System (ETS). Coordinated by Business for CBAM Coalition, Cleantech for Europe, Corporate Leaders Groups and We Mean Business Coalition, the letter underscores why the ETS remains central to Europe’s competitiveness, investment certainty and industrial decarbonisation.
Ecocem said in a post to Linkedin "A slower phase-out of free allocations weakens the incentive for the sector to follow at pace. Any slowdown in the current ETS trajectory impacts the desire, not the ability, to decarbonise."
The letter states that the undersigned companies are 'deeply concerned' with the competitiveness of European industry and that recent discussions had been 'misdirected’ towards amending or even suspending the ETS, which it said would be a 'serious misdiagnosis' of the problem. It said that the upcoming revision of the ETS offers an opportunity to improve its design in 'very targeted' ways, while remaining 'crystal clear' on the trajectory.
