The European Commission proposes updated emissions benchmark values for the EU carbon trading system covering 2026 to 2030, based on efficiency data from the cleanest ten percent of industrial installations. Free allowances will cover around seventy-five percent of industrial emissions on average, with an estimated four billion euros in additional support for electrification. Steel sector benchmarks are revised to include alternative iron ore products and green hydrogen. A full review of the carbon trading system is planned for July 2026.