The European Steel Association welcomes the European Commission’s proposals for a Recovery Plan for Europe, published on 27 May, with the communication on 'Europe’s moment: Repair and Prepare for the Next Generation and the communication on the EU budget powering the recovery plan for Europe'.
It is however unlikely that the proposed measures will materialise before the second half of 2021. Additional short-term emergency measures are vital for sectors strongly hit, such as steel and its value chains. These should comprise, inter alia, immediate measures against distorting steel imports, incentives to stimulate demand in the downstream value chain (automotive, construction, mechanical engineering, …) and a force majeure clause for the EU ETS to ensure that the level of free allocation post- 2020 is not impacted by the COVID-19 crisis.
Brussels, 15 July 2021 – The Fit for 55 package, released yesterday by the European Commission, needs a more finely balanced approach to enable the decarbonisation of EU steel industry whilst avoiding the leakage of production and CO2 emissions outside the EU.
Brussels, 12 July 2021 – The European Commission is expected to put forward its Fit for 55 package of climate and energy policy measures on 14 July 2021. The Fit for 55 package is one of the most significant - and largest - groups of measures the EU has ever released in one go. It will completely revise the basis of EU climate and energy policy in attempt to bring it into line with the EU's political ambition.
The Fit for 55 package is one of the most significant - and largest - groups of measures the EU has ever released in one go.