European Commission President Ursula von der Leyen stated that since 2005, revenues from the emissions trading system have reached around 260 billion euros, with plans to reinvest 100% of these funds across Europe to support industrial innovation. She revealed that next week marks the funding initiation of a one billion euro pilot project focused on the minerals sector, which is expected to secure additional funding to facilitate the transition in the industrial sector.

Despite these initiatives, von der Leyen criticized the insufficient investments from some member states in low-carbon industries, pointing out that allocations for this sector only represent about 5% of the revenues from the Emissions Trading System (ETS). She called for an increase in this percentage as part of the reform package to be proposed over the summer, aiming to ensure that greater resources are directed towards accelerating emissions reductions and boosting competitiveness.

Furthermore, von der Leyen emphasized her commitment to advancing industrial reforms and transitioning towards a low-carbon economy by 2027. She expressed Brussels' readiness to adopt a new cooperation mechanism to facilitate these changes, indicating that the European Union is serious about enhancing its industrial landscape while addressing the urgent need for reduced carbon emissions in the face of climate change.