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BackEnergy, Orsini: ETS must be suspended, it is a question of competitiveness
Energy, Orsini: ETS must be suspended, it is a question of competitiveness
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Il Sole 24 Ore1 hour agoBusiness2 min readItalyView original

Energy, Orsini: ETS must be suspended, it is a question of competitiveness

President Emanuele Orsini criticizes the impact of emissions policies on China at the Capri conference and launches proposals for the maneuver

Quick Look

  • The president of Confindustria, Emanuele Orsini, asked for the suspension of the ETS from the Capri Conference of Young Entrepreneurs, denouncing unfair competition from China and the impact on European industry.
  • Orsini also praised the Government's action on the bill bill and put forward proposals for the next maneuver.

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Why It Matters

The European ETS (Emission Trading System) regulates the market in carbon emission quotas to reduce greenhouse gases.

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«When we talk about ETS, we talk about China's competitiveness and unfair competition: China opened 135 coal plants in 2025-2026. China's sources are 55% coal-fired. We in Europe have lowered emissions by 0.1% and China has reduced emissions by 32%. Let me understand, for the 0.1%, do we really want to destroy European industry? So what we are asking for is an important reflection, which is why we are asking for the suspension of the ETS", due to the impact it has on many productive sectors and on private individuals in general. These are the words of the president of Confindustria, Emanuele Orsini, on the sidelines of the 41st Capri Conference of Young Entrepreneurs.

"I believe that something must be done, but above all we must suspend it", reiterated Orsini, speaking of Ets. «And we can no longer continue this diatribe of the Northern countries and the countries that consume energy. Today we really need Europe to be Europe, a united Europe must have a reaction to what is happening around the world."

«Let's say that we are happy that the Government has stood by us in this battle. We know how much President Meloni, we were present in Brussels, fought to bring relief to Italian companies. It is obvious that Europe is short-sighted at the moment. The President of the Republic also said it, no state can do it alone. So when they say no state can do it alone, I believe that more things need to be done on the ETS"..

«It is logical that I believe that at this moment we know that it is right to contain the accounts, it is important, given that we are in the election campaign, that we do things that are needed for the future and that we think about an industrial plan for the country. So it's good to continue with hyper-depreciation and investments." So again the number one industrialist, Emanuele Orsini.

«Given that there is a productivity problem, ensure that there are aggregations and try to create more productive centers with fiscal aid», continued Orsini, speaking of the entrepreneurs' proposals for the next budget. «We also asked, given that we know that the Pnrr has given 0.5% to GDP this year, to continue, trying to make a new plan that can attract investments from pension funds and private capital that are in current accounts that are not used today. I believe that these measures must be put to the ground, in addition to tax relief, as well as how to ensure that our companies can be more competitive."

Open Questions

  • What will be the European Union's response to the request for suspension of the ETS?
  • What specific measures will the next economic package in Italy contain?

Related Topics

This article was originally published by Il Sole 24 Ore.

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