The Commission's 'A Clean Planet for All' Communication offers the basis for a thorough debate around the legislative framework that is necessary for a successful transformation of the EU economy towards climate neutrality.
European steel companies are already developing major emission reduction technologies and are willing to continue to accelerate this work in order to fulfil this objective. Such a major transformation of the sector will require significant investment in the new technologies while the sector needs to remain competitive throughout the entire transition and beyond. Furthermore, external factors not directly controlled by the sector (most importantly, access to competitive low carbon energy/electricity and feedstock) will play a crucial role.
Therefore, we need – as soon as possible – a comprehensive policy framework that preserves the competitiveness of the sector and creates the conditions for fostering the necessary investment.
A look at EU climate policy and its impact on the European steel sector on 17 March 2021 from 14:30
Missed it? Watch the joint EUROFER and WV Stahl webinar of 24 February here.
EUROFER contribution to the EU COM questions to the Platform on Sustainable Finance on transition financing (questions 1, 2, 6)