Trade associations sign letter on safeguarding the EU ETS

FIA has co-signed a letter with seven other trade associations on the importance of safeguarding the EU Emissions Trading System (ETS) following recent proposals by the European Parliament, which risk undermining the efficient functioning of the EU ETS and put at risk the EU’s ability to meet its climate goals in an efficient manner.

The letter raises concerns about support by members of the European Parliament for amendments to limit participation in the EU ETS to compliance entities and financial intermediaries purchasing allowances on their behalf. The letter notes that a diverse ecosystem of participants ensures that the EU’s carbon market is resilient, less costly to access, and better equipped to provide hedging and risk management solutions to companies, and urges co-legislators not to impose the restrictions.

Read the letter here.