Triples with object The European Commission is determined to revise the ETS and the allowance system in order to distribute the available allowances in a more efficient way. We in UKIP are against this proposal as we reject a revision of the damaging EU ETS system. We believe that the EU Commission should recognise that the entire EU energy project has failed, causing higher energy prices in all Member States. It has caused job losses, plant closures and a massive outflow of industry and investment outside the EU.