The EU will give its weak industrial sector greater flexibility in the upcoming
EU ETS reform while aiming to preserve incentives for clean-technology
investment, EU officials said. The reform seeks to balance support for heavy investment
industry’s transition to clean energy with measures that continue to reward
faster-decarbonizing firms. The European Commission is expected to publish the
proposal on July 17. To address competitiveness concerns in energy-intensive
sectors, the Commission aims to launch as early as next year an ETS Investment
Promotion Fund that would allocate 400 million allowances over three years to
Eligible firms on a first-come, first-served basis.
