Reuters reported that German steel maker ThyssenKrupp has urged policy-makers to quickly provide the regulatory conditions and support payments needed to decarbonize the sector. ThyssenKrupp Steel Europe Chief Executive Mr Bernhard Osburg said at the Handelsblatt hydrogen conference in Essen “We are ready to go on the engineering side, but now a few things have to happen. This includes applications for state subsidies that have been submitted for more than a year. There are no commitments here yet. If we don't have them, we won't be able to invest.”German government has said “Germany's steel industry as a whole must invest about EUR 30 billion euros to become climate-neutral by 2050, funds it cannot shoulder alone.”ThyssenKrupp, which wants to turn its steel production carbon-neutral by 2045, is one of the biggest CO2 polluters in Germany. With its climate strategy the company is stepping up its previous activities to reduce emissions, accepting its social responsibility and showing its commitment to the 2015 Paris Climate Agreement. As an initial target for 2030, ThyssenKrupp is aiming to reduce emissions from its own production and processes and from the purchase of energy by 30% versus the base year 2018. It had said “To achieve these goals, the steel company is going to need support from policymakers. Only with the right framework will the transformation of the industry be a success.”At the end of September 2021, ThyssenKrupp Steel joined the "Race to Zero" campaign on occasion of the Climate Week of the United Nations. In this campaign, the company, together with ten other German companies and a further 1,300 companies worldwide, commits itself to limiting global warming to 1.5 degrees. In addition, ThyssenKrupp Steel has joined the global multi-stakeholder ResponsibleSteel initiative. In the non-profit organization, companies, civil society groups and associations are working to develop standards for responsibly produced steel – from the procurement of raw materials to the recycling of steel after the use phase.
Reuters reported that German steel maker ThyssenKrupp has urged policy-makers to quickly provide the regulatory conditions and support payments needed to decarbonize the sector. ThyssenKrupp Steel Europe Chief Executive Mr Bernhard Osburg said at the Handelsblatt hydrogen conference in Essen “We are ready to go on the engineering side, but now a few things have to happen. This includes applications for state subsidies that have been submitted for more than a year. There are no commitments here yet. If we don't have them, we won't be able to invest.”German government has said “Germany's steel industry as a whole must invest about EUR 30 billion euros to become climate-neutral by 2050, funds it cannot shoulder alone.”ThyssenKrupp, which wants to turn its steel production carbon-neutral by 2045, is one of the biggest CO2 polluters in Germany. With its climate strategy the company is stepping up its previous activities to reduce emissions, accepting its social responsibility and showing its commitment to the 2015 Paris Climate Agreement. As an initial target for 2030, ThyssenKrupp is aiming to reduce emissions from its own production and processes and from the purchase of energy by 30% versus the base year 2018. It had said “To achieve these goals, the steel company is going to need support from policymakers. Only with the right framework will the transformation of the industry be a success.”At the end of September 2021, ThyssenKrupp Steel joined the "Race to Zero" campaign on occasion of the Climate Week of the United Nations. In this campaign, the company, together with ten other German companies and a further 1,300 companies worldwide, commits itself to limiting global warming to 1.5 degrees. In addition, ThyssenKrupp Steel has joined the global multi-stakeholder ResponsibleSteel initiative. In the non-profit organization, companies, civil society groups and associations are working to develop standards for responsibly produced steel – from the procurement of raw materials to the recycling of steel after the use phase.
