20
May
2026
Watch
Reviewing the ETS system to support European competitiveness (topical debate)
Madam President, Dear colleagues! The EU Emissions Trading System has failed, in its entirety. It has neither saved the climate nor strengthened the industry in any way. What it has done, on the other hand, is to drive up energy prices, explode production costs and bring European companies to their knees – or to sell them off to non-European countries. We're talking about a review today. I'm telling you, there's no verification of a system that's structurally wrong; You can get rid of it. As long as China, the US and the rest of the world do not have CO2-Producing Pricing, Punishing It ETS European companies and European workers only. This is not a climate rescue; This is economic suicide at rates. The answer to Europe's competition crisis is not reform, not adaptation, not review. It means abolishing the ETS. Today and completely.