Descalzi, 'suspend ETS until the ongoing wars are resolved'

"With these energy crises I believe that the ETS should be suspended until a solution is found in the Russian-Ukrainian war and the Gulf war. I have already said it but it's not just me who says it, our prime minister also says it." This was stated by the CEO of Eni Claudio Descalzi, who spoke during the Green & Net Zero Talk in Milan, specifying that the ETS is "an excessively expensive tax for our industry which is not only the Automotive sector but also paper mills, steel mills and cement factories".

"Europe - he continued -, given that Von der Leyen said that we need to find a way to reinvigorate or revitalize refineries, must be able to admit them into the taxonomy to remove taxes and have less harsh constraints in terms of emissions".

"We need to convince - he concluded - those who will invest in refining that it is being done seriously in Europe. We need a long-term project and investing in refineries for the next 15-20 years".