The Emissions Trading System (ETS) must remain a “pillar” of the EU’s climate policy. This is emphasized in a note by Democratic Party MEP Pierfrancesco Maran (S&D), chair of the Committee on Environment, Climate and Food Safety (Envi), after the European Commission presented its proposal for the system’s revision.

“Since 2005,” he states, “the ETS has proven to be an effective tool for reducing greenhouse gas emissions and for financing industrial decarbonisation in Europe. Points raised during the Envi committee’s hearing in June highlighted the need for the ETS to continue to be a fundamental pillar of the EU’s climate policy.”

“Furthermore,” he adds, “with over €250 billion generated since 2013, and nearly €40 billion in 2024 alone, ETS revenues are a key financial lever for our industrial policy. We have a duty to ensure that every euro is used transparently and strategically to promote decarbonisation and strengthen European industrial competitiveness, and for this we need a clear commitment from Member States.”

The Envi committee, Maran concludes, “is ready to cooperate on the ETS revision and to play its role with a constructive spirit and a sense of responsibility. Citizens, investors and our industries need certainty, and the Parliament will work to provide it.”