Merz admitted revision or postponement of emission allowances

German Chancellor Friedrich Merz has admitted that the EU emissions trading system may face revision or even postponement.

At a summit of industry leaders in Antwerp, Belgium, he emphasized that the main goal of the carbon market is to reduce carbon dioxide emissions while enabling companies to transition to zero-emission production.

However, if this mechanism proves to be ineffective or fails to fulfill its role as expected, Merz believes that the European Union should remain open to adjustments.

(reuters, pir)