BASF CEO Markus Kamieth has urged the European Union to overhaul its Emissions Trading System, warning that current rules are too strict and risk costing jobs and value creation in energy-intensive industries. The EU plans to review the ETS later this year after complaints from Germany, Italy, and major firms that the carbon market adds pressure on struggling sectors. Kamieth supports the basic idea of carbon pricing but says the framework needs more flexibility. The EU has promised updates including a more realistic emissions reduction trajectory and extending free allowances beyond 2035. The debate highlights the tension between climate goals and industrial competitiveness in Europe.
