German steel association WV Stahl said that despite some important improvements compared to the Commission's proposal on EU’s ETS scheme & climate plan, the overall result is not sufficient. WV Stahl President Mr Hans Jürgen Kerkhoff said “In particular, the lack of a solution for exports leads to planning uncertainty for industry in transition. However, such a solution is needed to avoid competitive disadvantages on third markets. In addition, the completely inadequate addressing of the question of how carbon leakage can be prevented on export markets also significantly endangers the effectiveness of the climate protection agreements, since the promotion here is essentially based on effective border compensation. This gap must be closed and internationally competitive framework conditions created. European steel association EUROFER Director General Mr Axel Eggert has said “The uncertainty means whether the CO2 Border adjustment mechanism works, great uncertainty for the industry. Therefore, companies are dependent on direct support from politicians.” At the weekend, the Council, the EU Parliament and the EU Commission agreed on the revision of emissions trading and the missing elements of the border adjustment mechanism.
German steel association WV Stahl said that despite some important improvements compared to the Commission's proposal on EU’s ETS scheme & climate plan, the overall result is not sufficient. WV Stahl President Mr Hans Jürgen Kerkhoff said “In particular, the lack of a solution for exports leads to planning uncertainty for industry in transition. However, such a solution is needed to avoid competitive disadvantages on third markets. In addition, the completely inadequate addressing of the question of how carbon leakage can be prevented on export markets also significantly endangers the effectiveness of the climate protection agreements, since the promotion here is essentially based on effective border compensation. This gap must be closed and internationally competitive framework conditions created. European steel association EUROFER Director General Mr Axel Eggert has said “The uncertainty means whether the CO2 Border adjustment mechanism works, great uncertainty for the industry. Therefore, companies are dependent on direct support from politicians.” At the weekend, the Council, the EU Parliament and the EU Commission agreed on the revision of emissions trading and the missing elements of the border adjustment mechanism.
