Merz urges EU to stand firm on carbon market reforms despite growing opposition

Detailed summary

The German Chancellor has warned against weakening the EU's carbon market, insisting that businesses need predictable carbon prices despite mounting pressure from member states and his own economy minister. #EuropeNews

German Chancellor Friedrich Merz has urged Brussels to stand firm on the EU's carbon market reforms and reject further changes to its second phase, signalling Berlin's opposition to reopening a hard-fought political compromise on carbon pricing, according to a letter seen by Euronews."It is extraordinarily important that the EU ensures investment certainty in emissions trading," reads the letter.The intervention comes as the European Parliament and EU governments negotiate the European Commission's July 17 proposal to align the Emissions Trading System (ETS) with the bloc's 2040 climate target.The reform has become increasingly contentious, with several EU countries seeking to weaken or…

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