EU carbon market blueprint: Commission allows industry emissions into the 2040s
pubaffairsbruxelles.euThe European Commission has confirmed it will allow EU industries to keep emitting CO2 well into the 2040s, according to a report shared by PubAffairs Bruxelles. The article features analysis from Green MEP Michael Bloss and Wijnand Stoefs of Carbon Market Watch, who argue this timeline undermines the EU's climate goals and weakens the carbon market's effectiveness. This matters because the EU Emissions Trading System is the world's largest carbon market and a key blueprint for other regions. If the Commission extends the phase-out timeline without tightening the cap, it could flood the market with allowances and crash prices. Investors and project developers need policy certainty to fund decarbonization, and this decision signals a slower transition than previously expected. For anyone tracking carbon markets or EU climate policy, this is a critical development. The full piece is worth reading for the specific arguments from both sides and what it means for the 2040 target debate.