The European Union will seek to address criticism that a new emissions trading system will have unbearable costs for consumers by introducing additional measures to lower these costs, European Commission President Ursula von der Leyen said in a letter to EU leaders. The EU has created a new emissions trading system, ETS2, which will become fully operational in 2027. The new system is separate from the current fully implemented EU Emissions Trading System, or the EU ETS, and will cover and address carbon emissions from fuel…