EU boosts free carbon permits while renewables and storage surge - 11 May 2026

Prysmian Daily News Update · May 11, 2026 · 3m

As of May 11, today’s news sees the European Commission's proposal for increased free CO2 emissions permits for industries, alongside significant movements in the energy and technology sectors. The European Commission has proposed to enhance the allocation of free emissions permits to industries over the coming years, potentially saving companies 4 billion euros in CO2 compliance costs. This initiative is part of efforts to maintain Europe's economic competitiveness amid political pressure on the region's carbon market. Industries will continue to receive around 75% of their emissions covered…