European Businesses Urge EU to Maintain Strong ETS

🇪🇺 Europe’s security and sovereignty hinge on building a more competitive and resilient economy, moving away from volatile fossil imports towards clean energy.     Today, 103 companies and investors across Europe signed an open letter calling on EU leaders to maintain a strong and credible EU Emissions Trading System (ETS).    Signatories include major multinationals, new innovators and investors across Europe’s heavy industry, manufacturing, retail, energy and technology sectors, including Tata Steel, Volvo Cars, EDF, Ørsted, Heidelberg Materials, Vattenfall, Holcim, SSAB, Salzgitter AG, Ingka Group | IKEA, Nordea Asset Management, Outokumpu, VELUX and Novonesis - as well as leading Cleantech innovators including cylib GmbH, Reverion, Sunfire, GravitHy, Stegra, CorPower Ocean and Rondo Energy.    The Coalition coordinated the letter with Business for CBAM Coalition, Corporate Leaders Groups #CLGEurope and Cleantech for Europe. It highlights why the ETS remains a cornerstone of Europe’s competitiveness, investment certainty and industrial decarbonization.    For two decades, the system has helped drive billions of euros into clean technologies, rewarding early movers and creating market demand for European innovation. Weakening it now would risk undermining investment certainty precisely when Europe needs it most. 🔗 Read the open letter: https://lnkd.in/emAgK5un   #EUIndustry #ETS #EnergySecurity    Christian Stocker, Bart De Wever, Andrej Plenkovic, Nikos Christodoulides, Micheál Martin, Petteri Orpo, Emmanuel Macron, Friedrich Merz, Kyriakos Mitsotakis Giorgia Meloni, Evika Silina, Gitanas Nausėda, Luc Frieden, Rob Jetten, Pedro Sánchez 

An important intervention from over 100 leading companies, clean tech innovators and investors in support the EU's Emissions Trading System (ETS). In the face of pressure from trade groups and certain MSs, these leading private sector actors see the ETS as the cornerstone of Europe's competitiveness, investment certainty, and industrial decarbonisation. It has driven billions of euros of investments by early movers, has provided a market signal for innovation and can be the demand signal for European cleantech solutions to scale. Undermining it would not aid the competitiveness of European industries – it would erode investment certainty and damage Europe’s industrial future. And thanks to the brilliant team behind this letter and their collaboration 🙏 Victor van Hoorn Leon de Graaf Ursula Woodburn Adeline Rochet Lucas Soares Andrew Prag Susan Clandillon Pascale Palmer Mary Whittaker

It's time to let go of what hasn't worked. Europe's dependence on fossil fuel imports has left us vulnerable and exposed. 🇪🇺⛽️ The current turmoil in the Middle East is a telling example. When times are tough, the solutions is NOT to walk backwards into the future, as some political leaders are suggesting right now: by watering down EU's well-functioning Emissions Trading System (EU ETS). It's the opposite: to stay the course and use the ETS to keep expanding clean energy and clean technologies. This is the path to build competitiveness and prosperity for the future. If we don't, we risk surrendering Europe's cleantech leadership to China while deepening our dependence on fossil fuel-producing countries. The ETS ensures that polluters pay, and that those funds are reinvested in the transition, strengthening our industries. Rolling it back would create uncertainty, deter investors and accelerate industrial decline. Today, 103 companies and investors across Europe signed an open letter calling on EU leaders to maintain a strong and credible EU Emissions Trading System (ETS). Signatories include businesses, innovators and investors across Europe’s heavy industry, manufacturing, retail, energy and technology sectors, like: Tata Steel, Volvo Cars, EDF, Ørsted, Heidelberg Materials, Vattenfall, SSAB, Ingka Group | IKEA, Nordea Asset Management and Outokumpu, as well as leading Cleantech innovators including Stegra, CorPower Ocean, Ingrid and of course, ourselves at Baseload Capital. Coordinated by Business for CBAM Coalition, Corporate Leaders Groups Europe, Cleantech for Europe and We Mean Business Coalition, the letter highlights why the ETS remains a cornerstone of Europe’s competitiveness, investment certainty and industrial decarbonisation. 🔗 Read the open letter: https://hubs.la/Q046k0jt0 #EUIndustry #ETS #EnergySecurity Christian Stocker, Bart De Wever, Andrej Plenkovic, Nikos Christodoulides, Micheál Martin, Petteri Orpo, Emmanuel Macron, Friedrich Merz, Kyriakos Mitsotakis, Giorgia Meloni, Evika Silina, Gitanas Nausėda, Luc Frieden, Rob Jetten, Pedro Sánchez

🇪🇺 Europe’s security and sovereignty hinge on building a more competitive and resilient economy, moving away from volatile fossil imports towards clean energy. Today, Baseload Capital joined 103 other companies and investors across Europe in signing an open letter calling on EU leaders to maintain a strong and credible Emissions Trading System (ETS). For two decades, the ETS has helped drive billions of euros into clean technologies, rewarding early movers and creating market demand for European innovation, from clean steel and cement to hydrogen, electrification and next generation energy solutions. Weakening it now would risk undermining investment certainty precisely when Europe needs it most. Instead, the upcoming ETS revision offers an opportunity to strengthen Europe’s industrial future by: 💶 Strategically deploying ETS revenues to support industrial electrification and long term clean power purchase agreements (PPAs). ⚡ Expanding access to abundant, affordable clean power for industry. 🛡️ Ensuring the Carbon Border Adjustment Mechanism functions effectively. 📈 Providing clear long term investment signals for breakthrough technologies. As global competition intensifies, policy clarity and regulatory stability are essential to attract capital and scale the industries that will power Europe’s clean and competitive future. 🔗 Read the open letter coordinated by Business for CBAM Coalition, Corporate Leaders Groups Europe, Cleantech for Europe and We Mean Business Coalition: https://hubs.la/Q046k2LS0 #EUIndustry #ETS #EnergySecurity Christian Stocker, Bart De Wever, Andrej Plenkovic, Nikos Christodoulides, Micheál Martin, Petteri Orpo, Emmanuel Macron, Friedrich Merz, Kyriakos Mitsotakis, Giorgia Meloni, Evika Silina, Gitanas Nausėda, Luc Frieden, Rob Jetten, Pedro Sánchez

Europe’s #security and #sovereignty hinge on building a more competitive and resilient economy, moving away from volatile fossil imports towards clean energy. Today, FertigHy joined 103 other companies and investors across #Europe in signing an open letter calling on EU leaders to maintain a strong and credible Emissions Trading System (#ETS). Europe’s security and sovereignty depend on building a more competitive and resilient economy: moving away from volatile fossil imports and toward clean energy. For two decades, the #ETS has helped drive billions of euros into clean technologies, rewarding early movers and creating market demand for European innovation, from clean steel and cement to hydrogen, electrification and next generation energy solutions. Weakening it now would risk undermining investment certainty precisely when Europe needs it most. Instead, the upcoming ETS revision offers an opportunity to strengthen Europe’s industrial future by: 💶 Strategically deploying ETS revenues to support industrial electrification and long term clean power purchase agreements (PPAs). ⚡ Expanding access to abundant, affordable clean power for industry. 🛡️ Ensuring the Carbon Border Adjustment Mechanism functions effectively. 📈 Providing clear long term investment signals for breakthrough technologies. As global competition intensifies, policy clarity and regulatory stability are essential to attract capital and scale the industries that will power Europe’s clean and competitive future. 🔗 Read the open letter coordinated by Business for CBAM Coalition, Corporate Leaders Groups Europe, Cleantech for Europe and We Mean Business Coalition: OPEN LETTER - European Industry needs the predictability of a robust ETS to Compete and Invest #EUIndustry #ETS #EnergySecurity Emmanuel Macron, Pedro Sánchez , Ursula von der Leyen, Wopke Hoekstra, Teresa Ribera, Stéphane Séjourné, Dan Jørgensen, Kurt Vandenberghe, Maive Rute, Valere Moutarlier, Jan Dusík Volvo Cars, Stegra, GravitHy, Reverion, Ecocem Global, TiLT Capital Partners SAS, SSAB, Aster Capital, Mirova, Holcim, Elyse Energy, Ingka Group | IKEA, EDF, Novonesis, Tata Steel,Future Food Fund, Carbon Equity, Capricorn Partners, HDF Energy, Lhyfe

🇪🇺 Europe’s security and sovereignty hinge on building a more competitive and resilient economy, moving away from volatile fossil imports towards clean energy.     Today, 103 companies and investors across Europe signed an open letter (link in comment) calling on EU leaders to maintain a strong and credible EU Emissions Trading System (ETS).    Signatories include businesses, innovators and investors across Europe’s heavy industry, manufacturing, retail, energy and technology sectors.      Coordinated by Business for CBAM Coalition, Corporate Leaders Groups Europe, Cleantech for Europe and We Mean Business Coalition, the letter highlights why the ETS remains a cornerstone of Europe’s competitiveness, investment certainty and industrial decarbonisation.    🔗 Read the open letter: https://lnkd.in/emAgK5un   For two decades, the system has helped drive billions of euros into clean technologies, rewarding early movers and creating market demand for European innovation, from clean steel and cement to hydrogen, electrification and next-generation energy solutions.     Weakening it now would risk undermining investment certainty precisely when Europe needs it most.     Instead, the upcoming ETS revision offers an opportunity to strengthen Europe’s industrial future by:     💶 Strategically deploying ETS revenues to support industrial electrification and clean power purchase agreements (PPAs)     ⚡ Expanding access to abundant, affordable clean power for industry     🛡️ Ensuring the Carbon Border Adjustment Mechanism functions effectively     📈 Supporting long-term investment signals for breakthrough innovation    As global competition intensifies, policy clarity and stability are essential to attract capital and build resilient industries.     #EUIndustry #ETS #EnergySecurity     Christian Stocker, Bart De Wever, Andrej Plenkovicć, Nikos Christodoulides, Micheál Martin, Petteri Orpo, Emmanuel Macron, Friedrich Merz, Kyriakos Mitsotakis, Giorgia Meloni, Evika Silinaņa, Gitanas Nausėda, Luc Frieden, Rob Jetten, @Pedro Sánchez

The ETS and CBAM have already triggered significant investments in low-carbon technologies across the EU, reducing dependence on imported, volatile, and high-cost fossil fuels. For Europe’s future competitiveness and resilience, we need this clear investment signal to stay the course. #ETS #EUIndustry Cleantech for Europe Business for CBAM Coalition Corporate Leaders Groups We Mean Business Coalition

CorPower Ocean has joined more than 100 companies and investors across Europe by signing an open letter calling on EU leaders to maintain a strong and credible EU Emissions Trading System (ETS). "A competitive Europe for the next industrial era will not materialise out of thin air," said Patrik Möller CEO CorPower Ocean. "It requires conditions for disrupting technologies to scale and a reliable investment environment. As a technology that enables 24/7 firm and affordable energy, CorPower Ocean is uniquely positioned to strengthen Europe's energy resilience. ETS is a cornerstone framework that moves the needle towards a decarbonised industrial future." We Mean Business Coalition, Corporate Leaders Groups, Cleantech for Europe, Volvo Cars, World Fund, Zero Carbon, Planet A Ventures, Newheat, Cemvision, Stegra, GravitHy, Sunfire, Reverion, GET Fund, LeydenJar, Ecocem Global, SSAB, Electrochaea, Aster Capital, Corbion, Ørsted, Christian Stocker, Bart De Wever, Andrej Plenkovic, Nikos Christodoulides, Micheál Martin, Petteri Orpo, Emmanuel Macron, Friedrich Merz, Kyriakos Mitsotakis, Giorgia Meloni, Evika Silina, Gitanas Nausėda, Luc Frieden, Rob Jetten, Pedro Sánchez

👇 The letter below sent by 100+ multinational industrials, #cleantech scaleups and investors provides an important counter-voice to those that want to weaken the #EUETS and #CBAM. What some don’t yet realise is that many billions have already been invested based on the assumption that both instruments are not watered down. The letter's signatories are not tone-deaf to the worries of heavy industry, which is why it proposes certain policies can be strengthened. But at the end of the day, the EU ETS and CBAM make a lot of business sense, and their current trajectories are crucial for investment certainty.

Business for CBAM Coalition is advocating for well-functioning and ambitious ETS and CBAM frameworks. The coalition continues to grow. As a founding member, Stegra, together with the other members, is demonstrating how the ETS drives investments that will help build a more resilient and modernised European industry. #ETS #CBAM #CleanIndustrialDeal