A group of ten countries urged the European Commission on Wednesday to review its Emissions Trading System (ETS), calling the current framework of the law an "existential risk" for many key industrial sectors, according to a letter seen by Euronews.
The letter, signed by the leaders of Austria, the Czech Republic, Croatia, Greece, Hungary, Italy, Poland, Romania, and Slovakia, called on the EU executive to extend free carbon allowances beyond 2034, saying that, otherwise, their industries won't be able to keep up with the costs.
