EU leaders strike energy deal on carbon market, no ETS2 delay

EU leaders reached a compromise after overnight negotiations on energy prices and the carbon emissions trading system, without postponing the new ETS2 scheme but calling for its reassessment. The final text requests Commission interventions to reduce carbon price volatility, accelerate the Market Stability Reserve mechanism, and examine additional short-term measures for high energy costs. Greece, Italy, and Visegrad countries sought changes, while northern states defended the system's core role. The Commission will also extend state aid for industry and delay certain methane regulation obligations. No ETS2 postponement to 2030 was agreed, but its design and safety clauses will be reviewed.