15 July 2026 - Ahead of a review of the emissions trading system on Friday in Brussels, Eliot Whittington from the University of Cambridge Institute for Sustainability Leadership argues in the FT that most businesses are counting on a clear carbon price signal to keep underpinning the business case for investments in new solutions despite all the lobbying against.
Lakshmi Mittal claims “Europe’s emissions trading system is not working for industry” (Opinion, June 17), and sets out his shopping list of requested support, as the price of climate action. But in challenging the current carbon trading system he is not speaking for the whole of his industry, let alone the whole of energy-intense manufacturing, clean tech or wider industrial, service and financial sectors. Many businesses we work with, such as Nordic and US-based steelmaker SSAB, are counting on a clear carbon price signal to keep underpinning the business case for investments in new solutions.