Babiš at EU summit: EU emissions trading system harming Czech industry

The European Union’s emissions trading system is harming Czech industry, Prime Minister Andrej Babiš said on Thursday on arrival at the EU summit in Brussels. He called for the system to be revised as soon as possible.

Babiš said earlier predictions by the European Commission about the price of emission allowances had proved wrong. While older estimates suggested the price would now be about 26 euros, it is currently around 80 euros.

Czechia is among ten EU countries that have signed a letter calling for a thorough review of the system. Prague is proposing measures including a price cap on allowances and exemptions for energy-intensive industries.