(Jakob Weizman – Politico) Europe’s huge chemicals sector is campaigning to weaken the European Union’s most important climate policy — and Brussels is listening. At a meeting in Antwerp on Wednesday, industry chiefs will attempt to persuade European Commission President Ursula von der Leyen and national leaders to water down the Emissions Trading System (ETS), a cap-and-trade strategy to cut greenhouse gas emissions. They come with a well-rehearsed pitch: Their sector, one of the biggest in Europe, is in crisis. Factories are being squeezed by a perfect storm of high energy prices, intense competition from China, weak demand from downstream industries — and the world’s most expensive carbon pricing scheme.
European chemical giants plot to weaken EU’s flagship climate policy – POLITICO
