The Emissions Trading System (ETS) is Europe's carbon market aimed at reducing greenhouse gas emissions and promoting green technologies. Since 2005, it has reduced emissions by 39% and generated over 260 billion euros for clean energy. However, some member states, including Italy, Poland, and Austria, argue that the system is too aggressive, with critics warning it could harm European businesses amid rising energy prices. Italy is advocating for a suspension of the system, while others want free carbon allowances extended beyond 2034. Teljes cikk (Euronews.com)