“What’s happening now is a wake up call for the industry,” said Jos Delbeke, professor at the European University Institute in Florence and a former senior EU climate official. “Some flexibility may be needed for all good reasons, but it should be temporary; otherwise we will risk missing the climate targets and losing the technology race.”While the breathing room might be welcome for an industry that accounts for about €1 trillion ($1.2 trillion) of economic output, it also harbors risks. Too much flexibil ...