Name: Press conference by European Commission Executive Vice-President Teresa RIBERA and Commissioners Wopke HOEKSTRA and Dan JØRGENSEN on the ETS review and the Energy package
Uploaded: 2026-07-17T10:13:37+00:00
Duration: 678 s

Press conference by European Commission Executive Vice-President Teresa RIBERA and Commissioners Wopke HOEKSTRA and Dan JØRGENSEN on the ETS review and the Energy package

17 juillet 2026

Sommaire mis à jour le 17 juil. 2026

Commissioner Hoekstra introduces the ETS review, framing it as central to ambitious climate action, EU competitiveness, energy independence and re‑industrialisation, and highlights its track record in cutting emissions, reducing gas dependency and generating around €270 billion in revenues since 2013.

European Commission ven. 17 juil. 2026 Commission européenne

00:01 - 03:01

Intervenant 1

Thank you very much, Teresa. Ladies and gentlemen, a very good afternoon to all of you. Today's proposal on the ETS brings together three key goals: sustained, truly ambitious climate action, much more competitiveness, and a huge boost for our independence. It advances climate action, but at the same time, it transforms the ETS into a genuine engine for innovation and investment and re-industrializing Europe for the clean economy of the future. It also helps to significantly level the playing field for companies and industries across the European Union, strengthen the business case for "Made in the EU", and follows our simplification logic, cutting unnecessary red tape.

And if we deliver on this plan, it would literally mean hundreds of billions in additional investments on European soil. But before I dive in, please allow me to consider what the ETS is and what it has done. No other policy instrument in Europe has helped to reduce emissions on the same scale as the ETS. It is a phenomenal asset in our climate toolbox. And if you would look at the numbers, you would find that since 2005, the ETS has helped cut emissions by roughly 50%, 50% in the sectors that it covers.

And that is important because it helps to tackle the huge climate problem we are facing. It helps because it reduces the dramatic dependencies we have on fossil fuels that we need to bring into Europe. And without the ETS, Europe would now consume 100 BCM more gas, making us even more vulnerable than we are already today. And of course, what it has also done, it is a much-needed revenue generator, and we have used that to then invest in innovation and industrial decarbonization. The number is roughly 270 billion since 2013.

So, a truly great design. But let's also acknowledge that it comes with three weaknesses we have insufficiently anticipated. First, the world has changed considerably, with key European industries facing an unlevel playing field. Heavy state subsidies, dumping, dubious labor conditions abroad, all of that have wreaked havoc in key sectors of our economy. And we've rectified the balance to some extent with changes to CBAM, but there is more that we have to do within the domain of the ETS and beyond.

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