Scope: This dossier examines Italy’s exposure from 2026 through 2030 to the interaction between the EU ETS, ETS2, CBAM, internationally priced gas, electricity-market formation, power-system constraints and the existing Italian hard-to-abate plant stock, with the operative question defined not as whether the European Union should decarbonise but as which instrument should operate on which timetable, … Leggi tutto Italy’s Carbon-Industrial Exposure After the 2025 Emissions Print: ETS – ETS2 – CBAM – Power Prices and the Hard-to-Abate Base