Portugal is urging the European Commission to reconsider its recent decision to reduce free polluting allowances for the industry under the bloc's carbon market, fearing the move would weaken companies' ability to invest in decarbonisation, according to a document seen by Euronews.
Portugal’s energy minister, Maria da Graça Carvalho, argues that the Commission review of the industry's free allocations for the 2026–2030 period under the Emissions Trading System comes at a particularly difficult moment for Europe’s energy-intensive industries, which have been struggling with high energy prices and production costs.
