Nearly 50 institutional investors managing 12 trillion euros in assets have told EU lawmakers to hold the line on carbon pricing. The Net Zero Asset Owner Alliance, Allianz, and pension funds across Europe signed a letter warning against weakening the EU Emissions Trading System. Some industry groups have pushed to cut the carbon price to around 40 euros per tonne, but investors say that would reward laggards and punish companies that already invested in decarbonization. The EU ETS is under a scheduled review, with an orientation debate happening now and formal negotiations ahead. Investors argue the system needs evolution, not dilution. Sampension's chief ESG officer called Europe's net zero transition a big investment opportunity that depends on clear and predictable rules. Nordea's head of responsible investment said changing the ETS trajectory would pull the rug from under companies that prepared in time.
