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Renewable Energy Directive
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The deployment of large volumes of renewables represents a key challenge for the management of the grid and needs to be balanced also with the objective of providing competitive and secure energy. In this sense, it is important to accelerate the integration of renewables in the market in
order to foster cost-effective solutions. The regulatory framework shall address and minimize the impact of regulatory costs related to decarbonisation and the promotion of renewables on the competitiveness of energy intensive-industries and promote innovative low carbon solutions that can contribute to the energy and climate targets, taking exposure to international competition fully into account.
Due to the high share of energy costs in total production costs, EU steel companies operate processes very close to the thermodynamical limits of the current technologies. Deeper emissions reductions are only possible with the deployment and roll out of breakthrough technologies (including steel recycling, carbon capture utilisation and storage, process integration, and electricity/hydrogen-based metallurgy) that require, among others, access to abundant and competitive low carbon energy sources, including hydrogen and electricity. The application of these technologies at industrial scale will contribute to creating new business models where energy carriers will play a key role (e.g. cooperation between the steel and chemical sector to convert carbon reach gases into fuels or feedstocks and/or to replace carbon with hydrogen as reducing agent in steelmaking).
Therefore, it is essential that all low carbon energy sources that can contribute to emissions reductions are promoted according to the technology neutrality principle and regardless of their specific use (i.e. as energy carrier or as reducing agent).
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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
Brussels, 14 March 2023 – The revision of the Electricity Market Design (EMD) risks becoming another missed opportunity to secure cost-competitive fossil-free electricity and to introduce solutions providing swift relief to energy-intensive sectors exposed to global competition. It remains unclear how industrial energy consumers will be able to access the large quantities of renewable and low-carbon electricity needed for their decarbonisation in the coming years, says the European Steel Association following the publication of the European Commission’s reform proposal on the EMD.