The European Commission has published its revised target to reduce emissions by 55% by 2030 compared to 1990 levels. While the European steel industry is already hard at work developing new ways of producing carbon steel, the EU needs to implement a number of concrete measures as soon as possible to ensure decarbonization while ensuring growth and sustainability. The CEO of the European Steel Association EUROFER, Mr Axel Eggert, said: “The success of the EU’s climate leadership does not depend on its level of ambition, which no other major global partner can match, but mainly on its ability to demonstrate what can combine environmental sustainability. with economic growth and public acceptance.
This framework includes support for investment in innovation and adoption, the creation of a market for environmentally friendly materials, the availability of appropriate renewable energy sources, an international playground and the application of EU trade protection instruments without limiting trade imbalances in third countries. This framework needs to be created urgently.