Ten countries urge EU to rethink new carbon price

Ten countries, including Italy and Poland, have urged the European Union to reconsider a new carbon price on fuel as part of a separate revision of the bloc's carbon market.

Their opposition to the levy risks upending plans to update Brussels' main climate change policy, the emissions trading system (ETS), and could pit them against proponents of the new charge like Germany and Sweden.

The European Commission will propose a revision of the trading system, which forces power plants, factories, airlines, and shipping firms to pay for their CO2 emissions. In a statement shared with the Commission, the 10 countries said it should use the revision to also rethink a new CO2 price, known as ETS2, that the EU plans to impose on heating and transport fuels from 2028.

Italy, Poland, Bulgaria, Cyprus, the Czech Republic, Estonia, Greece, Hungary, Romania, and Slovakia signed the statement, which also demanded changes to the existing carbon market.

Full story Ten countries urge EU to rethink new carbon price on fuel | Reuters