Steelmaking represents the most polluting industrial sector in the EU. Delaying the transition to net-zero steelmaking in anticipation of a fully effective carbon pricing mechanism will prove too late.
The steel industry’s strategic importance coupled with its strong lobbying power have combined to shield it from a tightening of the Emissions Trading System. This is harmful to the climate, unfair to taxpayers and hurts the sector’s long-term competitiveness.
Steelmaking is one of the most carbon-intensive industries in the European Union. The sector emits 221 megatonnes of carbon dioxide each year. To ensure the EU achieves climate neutrality well before 2050, it is necessary to drastically reduce emissions in the steel sector. The EU’s Emissions Trading System is the key instrument for incentivising emissions …
Read more “Decarbonising Steel: Options for reforming the EU’s Emissions Trading System”
Stay in touch and receive our monthly newsletter, campaign updates, event invites and more.
