Industry Scenario Europe’s ETS Revision Proposal Risks Cutting Industry, Not Emissions: CeficThe European Chemical Industry Council (Cefic) has raised concerns that at a time when the chemical sector is struggling with high energy costs, severe global competition and a lack of conditions needed for decarbonization, the proposal falls short of addressing increasing CO₂ costs in the short and medium-term. (Source: Pixabay)Brussels/Belgium – The recent proposal for a review of the EU Emissions Trading System (ETS) raises fundamental concerns across large parts of the European chemical industry. For large parts of the chemical industry, the conditions needed to transform are still not in place, including affordable energy, adequate infrastructure, scalable technologies and functioning markets for low-carbon products. This is critical for chemical companies of all sizes, but for SMEs, these additional pressures can become a matter of survival. Then you can register for our free newsletter: Choose your NewsletterEurope’s chemical industry has demonstrated its commitment to transform.