EU Leaders Split on Carbon Price in Push to Bolster Industry

European Union leaders are divided over the future of the bloc’s carbon market as they struggle to deliver on ambitious climate goals while also making sure energy costs don’t make domestic industrial companies less competitive globally.

The EU Emissions Trading System, which covers more than 10,000 facilities owned by manufacturers and power producers, has come under intense pressure from heavy industry for raising energy costs and contributing to plant closures. The cap-and-trade program, which is scheduled for reform later this year, was a key topic at an informal summit on Thursday.