Eni CEO Claudio Descalzi has asked the EU to suspend its Emissions Trading System until the wars in Ukraine and Iran are resolved, calling the carbon price a costly burden on industry. The EU ETS is the bloc's main cap-and-trade mechanism for cutting emissions in power, manufacturing, aviation, and maritime sectors. Suspending it would remove the price signal that pushes companies to cut emissions, but it would also ease near-term costs for refineries and energy-intensive plants. Descalzi's comments come as EU leaders meet in Brussels to discuss competitiveness, high energy prices, and possible ETS reforms. The debate is about whether to pause the system in response to geopolitical shocks or keep it intact and adjust the rules. For carbon market watchers, the outcome will shape allowance prices and the credibility of EU climate policy.
