World
Italy calls for suspension of EU carbon market
Italy’s Industry minister Adolfo Urso urged the European Union to suspend its carbon market until the bloc presents a revised proposal due this summer, citing the hardship faced by European businesses because of high power and carbon costs.
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The Emissions Trading System (ETS) is the bloc’s mechanism for making companies pay for their pollution, with the dual aim of reducing emissions and encouraging industry to invest in more sustainable alternatives.
In Europe, the ETS currently covers heavy industries, power plants as well as airlines and shipping. Additional sectors such as international aviation, landfills and incinerators will be included in the upcoming review by the European Commission.
But Urso said the ETS is to blame for Europe’s competitiveness problems because the bloc’s climate policy tool has a “perverse effect” and is preventing European companies from competing with China and the United States.
“We are all aware that the mechanism of the ETS, as it is currently drafted, is only a tax, a tariff on the energy-intensive companies that struggle to remain competitive,” Urso told reporters on the sidelines of a gathering of industry ministers in Brussels on Thursday. “It is necessary – we are all aware – to review it in a substantive way.”
“To do this properly, it is necessary to suspend the ETS mechanism while awaiting a reform that must necessarily be comprehensive,” Urso added.
Urso added: “If we are in the face of the collapse of the European chemical industry and the crisis of European ideology, we cannot wait for the time of negotiations within the European Union to find a solution.”
The Italian minister said that in the meantime, “we are looking for an effective organic solution,” adding that he will ask the European Commission to suspend the ETS.
Italy’s plea joins that of industry leaders who have recently asked the EU to urgently act to reduce energy and carbon costs. German Chancellor Friedrich Merz has recently touted the same idea, driving down carbon market prices, only to backtrack on it a few days later.
Nordic business leaders back ETS
In a letter sent to Commission President Ursula von der Leyen and EU Climate Commissioner Wopke Hoekstra, a group of Nordic industry associations representing Finland, Sweden, Denmark and Norway urged the EU to maintain the ETS, highlighting its role as a key European advantage and as a source of certainty for investments in clean technologies.
They backed the ETS as a “market-based and technology-neutral policy instrument” that helps reduce carbon dioxide emissions.
“Reforming the system must be done carefully, because it has such a significant impact on the economy and competitiveness, in addition to the climate,” the Nordic leaders suggested.
The four industry associations argued that future prosperity in the EU is linked to the ETS since its revenues can bring about decisive investments in clean energy production, critical infrastructure, electrification, and ultimately the decarbonisation of industry.
“Efficient use of the EU’s own resources is central to achieving almost all the Union’s major strategic aims, and these efforts require reliable access to both public and private financing,” reads the letter dated 23 February and seen by Euronews.
Since its inception in 2005, the ETS has slashed emissions by 39%, with revenues exceeding €260 billion, according to the EU data.
Hindering technological innovation
Carlo Carraro, President Emeritus and Professor of Economics at Ca’ Foscari University of Venice, criticised the Italian government’s stance on the ETS, saying the attack risks weakening a policy that has proven effective in reducing emissions in regulated sectors.
“Innovation and competitiveness are now inextricably linked to decarbonisation,” Carraro said. “Hindering the transition exposes businesses to increasing technological and financial risks and makes the country less competitive”.
Similar thoughts were voiced by Chiara di Mambro, Director of Strategy Italy and Europe at the environmental think tank ECCO.
“Suspending the ETS as proposed today or subsidising gas, as envisaged in the Government’s recent decree, would move Italy in the opposite direction (higher energy prices): weakening the price signal, increasing market uncertainty, and ultimately delaying the transition away from expensive fossil fuels,” di Mambro said.
Italy is already on track to overhaul its electricity market, which would strip carbon costs from power bills. Instead, Di Mambro suggests using fiscal revenues or dividends from energy companies to reduce the burden of levies on electricity bills.
World
Argentinian flight instructor jumps to death from plane, 22-year-old student forced to land alone
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A flight instructor jumped to his death out of a small aircraft over Argentina, forcing the student pilot he was teaching to land the plane herself.
Leandro Andrés Bertazzo, 42, was on board a two-seat Cessna 150G on Saturday when he made the decision to jump out over the province of Córdoba, according to CNN, which cited its Argentinian affiliate TN.
“He made this tragic decision on board an aircraft with another person by his side,” Eduardo Álvarez, director of the Flying Parrot Córdoba flying school where Bertazzo worked, told TN. “It’s impossible to think about it or understand it, but the human mind is so complex.”
An undated photo of Leandro Andrés Bertazzo, a 42-year-old pilot who jumped to his death from a plane on Saturday, July 4 in Argentina. (Instagram/Leandro Bertazzo)
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Rosario, the 22-year-old student, later told authorities that Bertazzo told her, “You know what you have to do, carry on,” before taking off his gear, opening the door and leaping out, according to Álvarez.
Opening the door of a plane midair is incredibly difficult. Álvarez said it would be akin to trying to open the door of a car traveling 124 miles per hour.
Cessna 150m FRA150M climbing out after take-off with flaps deployed and hills behind. (aviation-images.com/Universal Images Group via Getty Images)
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Álvarez said that Rosario managed to land the plane safely, despite being in “complete shock.” There was no damage to the plane, according to TN.
Álvarez noted that Bertazzo had gone on a flight with another student earlier in the day.
A view from the main road of the flight school Bertazzo worked at, Flying Parrot Córdoba. (Google Maps)
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Álvarez also told TN that Bertazzo had visited a psychiatric institute, something that was only known by his family prior to his death.
Prosecutors in Córdoba will lead the investigation into Bertazzo’s death. The plane he jumped from is now in police custody.
Former Olympic canoeist David Hearn denies damaging US President Donald Trump’s Washington, DC reflecting pool renovation.
Published On 9 Jul 2026
A former US Olympian has pleaded not guilty to vandalising the newly renovated Lincoln Memorial Reflecting Pool, in a case that has drawn national attention amid accusations that the administration of US President Donald Trump is trying to shift blame for a troubled renovation.
David “Davey” Hearn, a 67-year-old three-time Olympic canoe racer, entered his plea in federal court on Thursday after prosecutors accused him of “maliciously” damaging the “American flag blue” lining installed at the bottom of the reflecting pool at Trump’s request ahead of celebrations taking place at Washington’s National Mall for the 250th anniversary of the United States’ independence on July 4.
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Federal prosecutors allege Hearn pulled at the liner on June 19, causing more than $1,000 in damage. He has been charged with destruction of government property, an offence that carries a maximum prison sentence of 10 years.
Hearn denied the allegations. He admitted he stopped at the pool during a bike ride, reached inside and touched a section of lining that was already peeling away, but that he did not remove or damage it. He told The Associated Press he let go when a park employee told him to stop.
Hearn’s lawyers argue the prosecution is an attempt by the Trump administration to deflect attention from what they describe as a botched renovation project.
“This indictment reflects the administration’s effort to shift blame for their own failures,” they said in a statement. “The justice system exists to determine facts, not to provide political cover.”
The 620-metre (2,030-foot) reflecting pool reopened in June after Trump ordered the new liner to be installed across the bottom. He said he was compelled to go ahead with the $14.7m renovation after a friend visiting from Germany called the pool dark and disgusting.
But within days, algae began to spread across the surface, the water turned chartreuse green, and sections of the liner began peeling away.
Experts have explained that the dark new coat of paint at the bottom of the pool would elevate the temperature and allow algae to grow, and that algae blooms in water are common at this time of year, especially in shallow, stagnant water like that of the pool.
Trump blamed the issues on vandals, claiming without evidence that “corrosive and destructive chemicals” were poured into the pool and that vandals “took some form of knife or blade” and put a long “gash into the beautiful facade”, although no one has been charged over those alleged acts.
The US president warned that anyone who allegedly damaged the pool could face long prison terms. “Please remember that there is a 10 year prison sentence for the destruction, or even the attempted destruction, of such things — Which will be fully enforced!” he wrote on Truth Social.
Last week, US Attorney for the District of Columbia Jeanine Pirro announced the indictment against Hearn, accusing him of intentionally damaging the liner.
The US Department of the Interior has said that at least six people were arrested on suspicion of vandalising the pool in the weeks after it reopened. National Guard troops and US Park Police were deployed to protect the site, which was fenced off during July 4 celebrations.
Thursday’s hearing drew a packed courtroom, with dozens of supporters waiting outside after Hearn entered his plea.
The reflecting pool’s problems have continued, with Trump acknowledging it will need to be drained again so the damaged liner can be repaired.
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