EU criticised over plan to weaken carbon emissions trading system, critics call it a Trojan horse

A new Euronews report details how the European Union is facing sharp criticism over a proposed overhaul of its Emissions Trading System (ETS). Critics, including environmental groups and some lawmakers, argue the changes would effectively weaken the EU's main tool for cutting carbon emissions. They describe the plan as a Trojan horse that could slow down industrial decarbonization across Europe. The article explains that the proposed adjustments could lower the price of carbon allowances and delay the phase-out of free pollution permits for certain industries. This would reduce the financial incentive for heavy emitters to invest in cleaner technologies. The debate highlights a growing tension between maintaining climate ambition and responding to industry lobbying for less stringent rules. For anyone following carbon markets or EU climate policy, this story is a key development. The outcome of this policy shakeup will directly affect the cost of carbon in Europe and the pace at which industries like steel, cement, and chemicals are pushed to decarbonize.