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📢 Europe's objective cannot be to reach lower emissions through industrial decline. | https://lnkd.in/eN_c6aQP In the Financial Times today, Cefic President Markus Kamieth urges that Europe must deliver all: emissions reductions and industrial transformation and competitiveness. Europe cannot afford to mistake deindustrialisation for decarbonisation. "Climate ambition must work in the real economy: Europe must align the pace of ETS tightening with the pace at which the conditions for industrial transformation become available. Otherwise, we risk cutting industry before emissions." Ahead of the European Commission's review of the EU Emissions Trading System (ETS), Markus highlights key realities: ✅ The next phase of decarbonisation requires affordable low-carbon energy, carbon infrastructure, investment certainty and demand for low-carbon products: conditions that are still largely missing today. ✅ A successful ETS revision must reflect these industrial realities and global competition, to ultimately strengthen Europe's competitiveness and create the conditions for industry to invest, innovate and decarbonise in Europe. ✅ Carbon leakage protection remains essential while those conditions are being built. Removing safeguards before viable alternatives exist, risks driving investment and production out of Europe rather than accelerating the transition. ✅Key parameters of the ETS framework must be set right – from the cap trajectory and free allocation to the benchmarks that determine carbon cost exposure. We count on policymakers to get the fundamentals right, well before 2030. #EUETS Ursula von der Leyen Teresa Ribera Stéphane Séjourné Wopke Hoekstra