Eni (ENI IM) CEO says the Emissions Trading System should be suspended until there is a solution to the global geopolitical events influencing the market

Calls from European energy and industrial executives to suspend or reform the Emissions Trading System recur whenever allowance prices or geopolitical shocks squeeze margins, and they have historically been advocacy rather than imminent policy: the ETS is EU legislation, and changes require the Commission, Parliament, and Council, a sequence that runs to months or years rather than sessions. The relevant distinction is between rhetoric that moves EUA prices intraday, which commentary from a single CEO of a covered entity occasionally does on light volume, and the structural triggers that have actually repriced the market, namely Commission proposals, auction supply decisions, and stability reserve mechanics. Eni's chief executive has form on energy policy intervention, and integrated oil majors sit on both sides of the carbon market as compliance buyers and as beneficiaries of gas-for-coal switching economics that a higher carbon price supports, which tempers how much weight the street puts on the ask. What tends to matter next is whether the call is echoed by member state governments, particularly those with heavy industrial lobbies, since capitals, not companies, carry votes in the Council. For the equity itself, the read-through runs through European gas and refining margin sentiment rather than any direct ETS exposure repricing on one quote.