H2 Green Steel Joins CEO Alliance for Climate Protection
H2 Green Steel CEO Mr Henrik Henriksson recently joined CEO Alliance leaders’ meeting in Paris to discuss ways to further support the EU Green Deal. H2 Green Steel CEO Mr Henrik Henriksson said “We are honored to have been invited to be part of this prestigious group of companies, sharing a conviction to support the EU Green Deal. We strongly believe that fighting climate change will require a collective effort by all EU member states. Collaboration between the public sector and industry is essential. With our leading expertise in hydrogen and CO2 free steel production, we can bring the latest knowledge to the table, to further enable and accelerate the transition of heavy industry towards sustainable operations.”
The European CEO Alliance believes that fighting climate change will require a collective effort by all EU member states and collaboration between the public sector and industry. Several cross-sector projects and policy recommendations will serve the global climate cause and foster sustainable growth and future-proof jobs. As one central instrument, Alliance members proposed a strong carbon price signal to achieve the EU’s climate targets. Carbon should have a price across the whole economy. The Alliance also called for continued enhancement of the EU’s Emissions Trading System (for power and heavy industry) and for the implementation of sector-specific cap-and-trade systems that would apply to mobility, transport and the buildings sector. Sector-specific systems could then converge beginning in 2030. Another proposal concerns a European carbon pricing system that would include measures to simultaneously achieve a social balance and emissions reduction.
Decarbonizing mobility, transport and buildings will be the major challenges. For the transport and mobility sector, electric mobility for passenger cars, light vehicles and heavy duty vehicles has proven to be the most efficient technology in terms of energy consumption and emission reduction. To foster the entire ecosystem around electric mobility, members of the CEO Alliance have initiated cross-sectoral projects to ramp up battery production and create a charging infrastructure across Europe.
The Alliance brings together 12 top executives from the energy, transport and technology industries, Mr Björn Rosengren of ABB, Mr Thierry Vanlancker of AkzoNobel, Mr Francesco Starace of ENEL, Mr Leonhard Birnbaum of E.ON, Mr Börje Ekholm of Ericsson, Mr Henrik Henriksson of H2GreenSteel, Mr Ignacio Galán of Iberdrola, Mr Frans van Houten of Philips, Mr Christian Klein of SAP, Mr Christian Levin of Scania, Mr Jean-Pascale Tricoire of Schneider Electric and Herbert Diess of Volkswagen. McKinsey & Company is serving as a knowledge contributor for the CEO Alliance and is providing additional research and data.