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ETS’s Excoriation & Exorbitant Energy’s Exodus
Polish President Karol Nawrocki seeks EU Emissions Trading System abolition. He argues the scheme drives industrial exodus without curbing global emissions. EU industrial output share fell to 17% while China’s rose to 28%. Alternative proposals include a substitution fee & releasing allowances when prices exceed €10 per metric ton. The European Commission signals openness to modifications as energy prices escalate following Middle East conflict.
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