The EU missed a critical chance to significantly ramp up its climate ambition in one of its key enablers: the EU carbon market. EU negotiators clinched a disappointing deal on the revision of the Emissions Trading System (ETS). The deal fails to deliver on the EU’s fair share to the 1.5 Paris Agreement target and heavily favours the protection of the polluting industry over the people. With its massive historic responsibility for the current climate emergency and its capacity to act as a strong industrialised economy, the European Union needs to do more than the global average to reduce emissions.
The EU puts industry protection over people and planet
