Germany vis-à-vis the ETS: softening – yes, deconstruction – no

At the European Industrial Summit in Antwerp, German Chancellor Friedrich Merz unexpectedly called for changes to the EU Emissions Trading strategy (ETS), which echoed widely in Europe and was perceived as undermining the instrument itself. shortly after, however, the policy withdrew from criticism and began to defend the ETS as a appropriate tool, which, in the face of the crisis, needs to be reformed.