The EU Green Deal is a landmark for the EU leadership in the international fight to climate change. The Green Deal proposes to step up substantially not only the long-term climate objectives for 2050 but also the short-term ones for 2030. Considering the current Intended Nationally Determined Contributions (INDCs) of international partners, this is likely to increase even further the differences in levels of ambition worldwide. This trend can be assessed by the end of 2020, when signatories of the Paris Agreement need to submit their final NDCs as well as their mid-century strategies.
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.