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Environmental and Energy Aid Guidelines
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The Commission's 'A Clean Planet for All' Communication offers the basis for a thorough debate around the legislative framework that is necessary for a successful transformation of the EU economy towards climate neutrality.
European steel companies are already developing major emission reduction technologies and are willing to continue to accelerate this work in order to fulfil this objective. Such a major transformation of the sector will require significant investment in the new technologies while the sector needs to remain competitive throughout the entire transition and beyond. Furthermore, external factors not directly controlled by the sector (most importantly, access to competitive low carbon energy/electricity and feedstock) will play a crucial role.
Therefore, we need – as soon as possible – a comprehensive policy framework that preserves the competitiveness of the sector and creates the conditions for fostering the necessary investment.
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Brussels, 14 December 2022 – The future of European industry is at stake, threatened by an unresolved energy crisis, impacted by unilateral decarbonisation costs, and undermined by trading partners’ new regulatory frameworks to massively subsidise local investment with more predictable measures. In the coming days, EU leaders will make fundamental decisions for Europe's industrial future. Against the backdrop of the EU energy crisis and the US Inflation Reduction Act, the EU must urgently develop and implement an industrial policy mainstreaming industrial competitiveness in all policy fields and take decisive action to enable the green transition as well as to enhance the resilience of industry. This is a unique opportunity for the EU to remain a frontrunner in climate policy, says the European Steel Association.
Immediate support is needed to address skyrocketing power prices, as well as structural measures securing affordable low carbon energy to meet the EU Green Deal's objectives
Reconciling climate ambition and industrial competitiveness in the state aid framework.