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EUROFER contribution to the inception impact assessment on the EU taxonomy
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The European Steel Association, EUROFER, welcomes the opportunity to contribute to the Commission’s Inception Impact Assessment on the EU Taxonomy for Sustainable Finance. On 9 March 2020, the EC Technical Expert Group on Sustainable Finance (TEG) published its final report on the taxonomy. Whilst there have been some improvements, the main concerns of the European steel industry still remain to be addressed.
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Brussels, 16 March 2023 – A successful EU industrial policy requires a value chain-based approach, with steel as an integral part of the Net-Zero Industry Act. To ensure that the EU remains competitive in the greatest transformation of the industry towards climate-neutrality, it is essential to adopt disruptive thinking and innovative measures to create a more attractive green investment environment whilst securing the EU’s strategic autonomy. The European Steel Association (EUROFER) details its comprehensive vision in a new policy paper covering all industrial policy fields relevant for a green, decarbonised and prospering European manufacturing industry, including energy and climate, environment and circularity, investment, trade, internal market and skills.
New global reality requires disruptive thinking and innovative measures
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