The European Commission’s revision of the European Union’s carbon market, the Emissions Trading System (ETS), was unveiled on 17 July. It came after months of intense lobbying by those seeking to scrap it, and claims from the other side that it should remain unchanged or only slightly adjusted.

The ETS review is shaping up to be one of the EU’s most consequential climate policy battles because it sits at the intersection of climate ambition, industrial competitiveness and energy affordability.

Euronews’ explainer examines the basics of the ETS, what is at stake and why the ETS has been such a hot topic on the EU’s agenda.

What is the ETS?

The ETS…

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