Open letter to Members of the European Parliament: time to vote for an EU Emissions Trading System (ETS) and a Carbon Border Adjustment Mechanism (CBAM) that work for the climate and support industrial transformation

The signatories call for a 68% reduction in ETS emissions, the phase-out of free allowances by 2030, and the introduction of stricter conditionality for any remaining free allowances to ensure they support clean production rather than acting as subsidies for high-emitting sectors.

• The authors advocate for a 68% reduction in ETS emissions, arguing that this target is consistent with the European Parliament's overall 60% EU climate target and is necessary to align with the 1.5°C temperature limit of the Paris Agreement.
• The document argues that free allowances have failed to reduce emissions in energy-intensive industries and instead provided €50 billion in windfall profits to the chemicals, cement, and steel sectors.
• The signatories urge the European Parliament to phase out free allowances for CBAM sectors by 2030 at the latest, positioning the CBAM as a direct alternative to existing carbon leakage protection measures.
• The authors propose that any remaining free allowances be conditional upon climate neutrality plans and energy efficiency requirements, noting that under current scenarios, the steel and cement sectors would receive subsidies worth €85 billion and €57 billion respectively over the next seven years based on a carbon price of 85 EUR/t.

APA

Clean Air Task Force (n.d.). Open letter to Members of the European Parliament: time to vote for an EU Emissions Trading System (ETS) and a Carbon Border Adjustment Mechanism (CBAM) that work for the climate and support industrial transformation. https://cdn.catf.us/wp-content/uploads/2022/06/07112852/letter-on-ets-and-cbam-for-plenary.pdf

Chicago

Clean Air Task Force. Open letter to Members of the European Parliament: time to vote for an EU Emissions Trading System (ETS) and a Carbon Border Adjustment Mechanism (CBAM) that work for the climate and support industrial transformation. n.d. https://cdn.catf.us/wp-content/uploads/2022/06/07112852/letter-on-ets-and-cbam-for-plenary.pdf.

Wikipedia

{{cite press release |author=Clean Air Task Force |title=Open letter to Members of the European Parliament: time to vote for an EU Emissions Trading System (ETS) and a Carbon Border Adjustment Mechanism (CBAM) that work for the climate and support industrial transformation |url=https://cdn.catf.us/wp-content/uploads/2022/06/07112852/letter-on-ets-and-cbam-for-plenary.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{cleanairtaskforcendopen, author = {{Clean Air Task Force}}, title = {{Open letter to Members of the European Parliament: time to vote for an EU Emissions Trading System (ETS) and a Carbon Border Adjustment Mechanism (CBAM) that work for the climate and support industrial transformation}}, publisher = {Clean Air Task Force}, url = {https://cdn.catf.us/wp-content/uploads/2022/06/07112852/letter-on-ets-and-cbam-for-plenary.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }