Industry leaders in Europe are calling for urgent measures to reduce high energy prices, which are hindering competitiveness in energy-intensive sectors like chemicals and steel. They demand a return to pre-2021 electricity prices and emphasize the need for reforms in the Emissions Trading System (ETS) to support industrial decarbonization. European Commission President Ursula von der Leyen acknowledged the challenges and highlighted the importance of improving the electric grid and offshore wind projects to lower costs. The upcoming ETS review is crucial for maintaining a competitive industrial base.