Svemin, the Swedish Association for Mines, Minerals & Metal Producers

The ETS is the cornerstone of the EUs climate policy, on which companies rely when planning and implementing capital-intensive investments. A well-functioning ETS must provide an effective and predictable investment signal for industrial decarbonization, while ensuring effective protection against carbon leakage for sectors exposed to global competition.

Svemin expresses its support for first a full coverage of downstream goods and introducing an export solution to evaluate the effectiveness of CBAM as a carbon leakage tool before extending the mechanism to other energy-intensive sectors.

The ETS is the cornerstone of the EUs climate policy, on which companies rely when planning and implementing capital-intensive investments. In the upcoming revision of the system, the fundamental design should be maintained to safeguard the predictability and stability that companies rely upon when making significant investments. But there is undoubtedly room for improvement.