Brussels grants €4 billion in CO2 allowances ahead of carbon pricing overhaul

The European Commission has allocated €4 billion in free CO2 allowances to industry ahead of a major carbon pricing overhaul, according to EurActiv.

Companies will receive significantly more free emissions credits than earlier planned under the revised scheme. The decision balances environmental ambitions against industrial competitiveness concerns as Europe restructures its carbon market framework. The move comes amid broader EU efforts to maintain manufacturing capacity while pursuing climate targets.