European carbon prices slide as Germany’s Merz says EU ETS may need revamping

European carbon prices dropped to six‑month lows after German Chancellor Friedrich Merz said the EU ETS should be revised or postponed if it harms industrial competitiveness. EUAs fell to €73/mtCO₂e amid mounting political pressure to ease carbon costs, with leaders from Germany and the Czech Republic calling for reforms or price caps. High energy and carbon costs have intensified industry concerns ahead of the EU summit, signalling broader willingness to slow the pace of EU climate policy. The discussion will take many months to find a landing zone, but many favor a less tight carbon market and lower prices.
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