The European Commission is reviewing the EU Emissions Trading System (ETS) and its Market Stability Reserve to set policy priorities for 2031 through 2040. Industry leaders from aviation, maritime transport, and civil society are pushing for protections against investment leakage to prevent companies from moving to regions with looser climate rules. Stakeholders emphasized that carbon pricing alone is not enough. They are calling for lower energy costs, streamlined permitting, and better access to finance to make deep decarbonization feasible for heavy industry.
