EUROFER | Engage

The newsletter of the European Steel Association

EUROFER | Engage

The newsletter of the European Steel Assocation (EUROFER)

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Note from the Director General

Fit for 55 package signals step-change in EU climate policy

The EU Climate Law - recently endorsed by the EU institutions – sets the ambition to reduce emissions by 55% by 2030 compared to 1990 levels and to reach climate neutrality by 2050. This target makes the EU by far the most ambitious major region worldwide in the field of climate policy.

This specific target forms part of the wider European Green Deal, first presented by the Commission in December 2019. This set out a detailed vision to make Europe the first climate-neutral continent by 2050, safeguard biodiversity, establish a circular economy and eliminate pollution, while boosting the competitiveness of European industry and ensuring a just transition for the regions and workers affected.

That political ambition is now to be made whole in a raft of legislation set to formally emerge on 14 July 2021 in the form of the Fit for 55 package, including: the revision of the EU Emissions Trading System (ETS), a Carbon Border Adjustment Mechanism (CBAM), revision of the Energy Tax Directive (ETD), amendments to the Renewable Energy and Energy Efficiency Directives, as well as others on the reduction of methane emissions from the power sector, greenhouse emissions from land use and rules on passenger cars and alternative fuels.

The Fit for 55 package is one of the most significant - and largest - groups of measures the EU has ever released in one go.

The European steel industry supports the objectives of the European Green Deal – and thus understands and supports the rationale behind the Great Leap of the Fit for 55 package – as long as it proves to be a strategy for growth: with effective carbon leakage protection, support for low carbon technologies (through de-risking instruments like carbon contracts for difference), demand-side measures to create markets for green steel, and affordable, low-carbon energy,.

Our sector already had the ambition to reduce CO2 emissions by 30% by 2030 compared to 2018 levels (which is the same as -55% compared to 1990). This reduction can only be achieved if the large number of advanced decarbonisation projects led by European steel companies – over 100 across Europe – are covered by a robust and supportive EU framework.

With the new, more ambitious EU climate target and increasing carbon price, it is ever more essential to prevent carbon leakage effectively.

EUROFER will be working hard to ensure that the best possible framework is created out of Fit for 55, ensuring that European steel can continue to be competitive during its transition to the green and sustainable future.

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Latest updates from the European Steel Association

Press release: A fine balance: Fit for 55 must help decarbonisation of EU steel and prevent carbon leakage effectively

Brussels, 15 July 2021 – The Fit for 55 package, released yesterday by the European Commission, needs a more finely balanced approach to enable the decarbonisation of EU steel industry whilst avoiding the leakage of production and CO2 emissions outside the EU.
15 July 2021
“This is the decisive decade for the industrial transition....

Press release: Fit for 55 package must underpin climate targets with reinforced carbon leakage protection

Brussels, 12 July 2021 – The European Commission is expected to put forward its Fit for 55 package of climate and energy policy measures on 14 July 2021. The Fit for 55 package is one of the most significant - and largest - groups of measures the EU has ever released in one go. It will completely revise the basis of EU climate and energy policy in attempt to bring it into line with the EU's political ambition.
12 July 2021
“EU institutions have agreed to more ambitious cuts to greenhouse emissions over a fairly short time frame....

Note from the Director General: Fit for 55 package signals step-change in EU climate policy

The Fit for 55 package is one of the most significant - and largest - groups of measures the EU has ever released in one go.
01 July 2021
The EU Climate Law - recently endorsed by the EU institutions – sets the ambition to reduce emissions by 55% by 2030 compared to 1990 levels and to reach climate neutrality by 2050....

Press release: Extension of EU steel safeguard provides long-term safety-net for the EU steel industry

Brussels, 28 June 2021 – The extension of the EU steel safeguard for another three years has been published today. This measure will ensure there is a modicum of certainty for EU steel producers, provide ample access to third-country supplies of steel for users, and help ward off disruptive post-COVID surges of steel imports.
28 June 2021
“We welcome that the EU steel safeguard regime has been extended,”, said Axel Eggert, Director General of the European Steel Association (EUROFER)....

News: Launch of the Clean Steel Partnership paves the way for further research and deployment of ground-breaking technology

The Clean Steel Partnership was formally launched today and the Memorandum of Understanding will be ‘e-signed’ by representatives of the European Commission and the European Steel Technology Platform (ESTEP) in the coming weeks.
23 June 2021
The Clean Steel Partnership was formally launched today and the Memorandum of Understanding will be ‘e-signed’ by representatives of the European Commission and the European Steel Technology Platform (ESTEP) in the coming weeks....

Brochure, booklet or fact-sheet: European Steel in Figures 2021

European Steel in Figures 2021 is EUROFER's statistical handbook, laying out in an easy-to-use format the key statistics and data about the performance and footprint of one of Europe's most important strategic sectors.
17 June 2021
European Steel in Figures 2020 is the European Steel Association’s (EUROFER) statistical guide....

Report or study: Annual Report 2021

EUROFER's Annual Report 2021 looks back at the work of the Association and the performance of the European steel industry over the past year.
17 June 2021
As every year, the publication of the EUROFER Annual Report is an opportunity to look back at the policy work conducted by the association in 2020, as well as to inspect the forthcoming priority work areas EUROFER will be facing in the coming years....
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Phone: +32 (0) 2 738 79 20