Publications » Position papers » Carbon Contracts for Difference
Carbon Contracts for Difference
Downloads and links
Recent updates
Project-specific long-term Carbon Contracts for Difference (CCfD) can be an important tool to facilitate a viable business model and to launch large scale, innovative projects to reduce emissions in industrial sectors such as steel.
The European steel industry is keen to start the transformation. Our ambition is – under the right conditions - to reduce CO2 emissions by 2030 by 30% compared to 2018 (which equates to 55% compared to 1990) and towards carbon neutrality by 2050. The sector is able to significantly advance the EU’s climate objectives as CO2 emissions are concentrated in a limited number of installations that cover about 25% of EU industrial and almost 6% of EU total CO2 emissions. These could have the highest abatement potential in volume amongst all industrial sectors if our projects can be implemented successfully and low-carbon steel finds its way into the market.
Download this publication or visit associated links
Brussels, 02 July 2025 – The 90% climate target proposed today by the European Commission demands an unprecedented transformation of EU society and industry in just 15 years. The European steel industry is already doing its part, but a viable business case for the transition is still lacking. To enable it, the EU needs to implement the Steel and Metals Action Plan much more decisively, delivering a highly effective trade protection against global overcapacity, access to internationally competitive low carbon energy and scrap, and a watertight CBAM, says the European Steel Association.
How global overcapacity is destroying European industries
European Steel in Figures 2025 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