Publications » Position papers » Creating markets for low CO2 materials: Sector coupling via lifecycle CO2-credits for the use of low-CO2 steel as 'eco-innovations' in the automotive industry »
Creating markets for low CO2 materials: Sector coupling via lifecycle CO2-credits for the use of low-CO2 steel as 'eco-innovations' in the automotive industry
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The European Green Deal emphasizes the will of the European Union to become the first climate neutral continent by 2050. Important decisions have to be taken very soon for the phase until 2030 for the deployment of the first low-carbon breakthrough technologies on industrial scale, especially in energy-intensive sectors.
The steel industry as well as other basic materials industries need to go through a major transformation process to meet the EU climate objectives. Fulfilling the targets is challenging but technically possible, e.g. via hydrogen-based steelmaking, carbon capture and utilisation/storage, process integration, and utilisation of steel recycling within the limits of scrap availability.
However, despite the high CO2 reduction potential, companies still face huge barriers in terms of commercialisation. Estimations show that the production costs of low-carbon breakthrough technologies will increase significantly under the current political framework, making it impossible for domestic companies to compete on the world market against companies which do not have to undergo climate-related transformational processes.
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Brussels, 07 December 2023 – The inclusion of transformative industrial technologies for the decarbonisation of energy-intensive sectors, such as steel, in the list of net-zero technologies in the general approach adopted by the Council on the Net Zero Industry Act (NZIA), sends a positive signal at a crucial time when governments are deliberating urgent measures to protect the climate at COP28 in Dubai. Parliament and Council should now seize the opportunity to reach an ambitious agreement to promote EU-made green products in public auctions of net-zero technologies and to drive Carbon Capture, Usage and Storage (CCUS) in Europe. Promoting lead markets and CCUS are essential tools for sustaining the transition to low-carbon steelmaking, says the European Steel Association.
Brussels, 01 December 2023 – Further delays in implementing EU sanctions against Russian steel semifinished products would have a perverse effect, ultimately fuelling Putin’s war machine against Ukraine. The EU Council should reject additional exemption requests from a few member states defending the lucrative business model of few steel rerollers. The trade dynamic that takes advantage of cheap steel imported from Russia while aiding the supply to its military and related downstream sectors must come to an end, states the European Steel Association.
Industriall & EUROFER joint statement