The release of the Communications by the European Commission on the EU Green Deal and the New Circular Economy shed a new light on how the EU can achieve its goals towards resource efficiency and climate. The EU Green Deal mentioned that “EU should stop exporting its waste outside of the EU and will therefore revisit the rules on waste shipments and illegal exports”.
The Communication also stressed that the access to resources is also a strategic security question for Europe’s ambition to deliver the Green Deal. More precisely, the EU Green Deal pointed out that ensuring the supply of sustainable raw materials necessary for clean technologies, by diversifying supply from both primary and secondary sources, is one of the pre-requisites to make the green transition (even more in the COVID-19 context) happening.
Moreover, the New Circular Economy Action plan aims at these objectives in particular via thefollowing two actions: (1) creating a wellfunctioning EU market for secondary raw materials; (2) addressing waste exports – which are losses of resources and economic opportunities for the recycling industry in the EU through the review of the Waste Shipment Regulation aiming at restricting exports of waste that can be treated domestically within the EU.
Late April and early May 2021 have seen record rises in the price of EU emission Allowances (EUAs), reaching €50 per tonne of CO2.
Brussels, 06 May 2021 – The European Steel Association (EUROFER) welcomes the release of the EU’s updated industrial policy strategy, and the inclusion of a specific analysis on steel. It shows the EU’s support for sectors, such as steel, that are strategic to the European economy and that are pushing to rally and decarbonise in the post-COVID era, but that are dependent on an enabling framework preventing carbon leakage.
Second quarter 2021 report. Data up to, and including, fourth quarter 2020.