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On July 17, the European Commission will present its proposal to revise the ETS mechanism. A postponement of the end of free CO2 allowances for companies is expected: however, member states are divided, while energy-intensive industries are calling for a complete suspension of the system.

At the general assembly, the president of Confindustria calls for a bipartisan pact to revive industry and growth and proposes reallocating 20 billion euros among development, education, and healthcare. He attacks Brussels over ETS and bureaucracy, pressures the government to unlock renewables, and raises the alarm about the risk of an “industrial desert.”

The European Commission has presented a proposal to reduce the cost of the ETS for energy-intensive companies. It is also preparing to revise the rules on methane emissions, yielding to the pressure from the United States. Excerpt from the European Morning Brief.

The European Commission has selected the winning projects of the third hydrogen auction, located in eleven countries within the economic area. Community funding amounts to 1 billion euros; Germany and Spain will add a national contribution. All the details.

The European Council has asked the Commission to present a revision of the ETS, the mechanism for trading CO2 emission allowances, by July. Italy, along with Poland and others, wants a radical reform; Spain and the Netherlands, among others, are opposed. The positions of France and Germany are more moderate. All the details.

What the EU says and does on the energy dossier alongside but not only because of the war in the Middle East. Excerpt from the European Morning Brief.