European Steel Association EUROFER is very disappointed with outcome of the European Parliament’s vote on the ETS and CBAM, as it delays a much-needed revision of the current proposals and the rejection of the report is neither good for the climate nor for industry’s green transition. EUROFER Director General Mr Axel Eggert said “We hope that the negotiations will soon be resumed among MEPs and that a solution addressing our concerns will be found, helping us to decarbonise in a sustainable manner and secure that the Carbon Border Adjustment Measure prevents effectively carbon leakage, including for exports.”EUROFER said “The steel industry reiterates its strong commitment to the green transition, with ambitious plans for cutting emissions by 55% by 2030 and reaching climate neutrality by 2050. Those plans are very concrete: there are 60 low carbon steel projects in the pipeline across the EU, with detailed names, locations, technology used, capital investment, operational costs and energy needs. They are ready to be deployed by 2030 with an abatement potential of over 80 million tonnes of CO2 per year. We invite EU policymakers to have a careful look at them here, on our low carbon projects map.”
European Steel Association EUROFER is very disappointed with outcome of the European Parliament’s vote on the ETS and CBAM, as it delays a much-needed revision of the current proposals and the rejection of the report is neither good for the climate nor for industry’s green transition. EUROFER Director General Mr Axel Eggert said “We hope that the negotiations will soon be resumed among MEPs and that a solution addressing our concerns will be found, helping us to decarbonise in a sustainable manner and secure that the Carbon Border Adjustment Measure prevents effectively carbon leakage, including for exports.”EUROFER said “The steel industry reiterates its strong commitment to the green transition, with ambitious plans for cutting emissions by 55% by 2030 and reaching climate neutrality by 2050. Those plans are very concrete: there are 60 low carbon steel projects in the pipeline across the EU, with detailed names, locations, technology used, capital investment, operational costs and energy needs. They are ready to be deployed by 2030 with an abatement potential of over 80 million tonnes of CO2 per year. We invite EU policymakers to have a careful look at them here, on our low carbon projects map.”
