If Free EU CO2 Certificates Stay, CBAM Has to Go22 October 2025 – The end of free allocation of EU ETS certificates had actually already been decided. But now, major European CO2 emitters are lobbying for an extension of these indirect multi-billion-euro subsidies. However: if the free certificates remain, the CO2 tariff CBAM must go. Meanwhile, Australia and the United States are deepening their resource and technology alliance. Source