News » Raised climate ambition must be matched with robust framework
Raised climate ambition must be matched with robust framework
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The European steel industry is already hard at work developing new ways to produce carbon-lean steels, but the EU needs to implement a set of concrete measures, as soon as possible, to ensure that decarbonisation is achieved while actually ensuring growth and sustainability. Achieving the levels set by the EU will require an overhaul of the regulatory regime that governs how the steel industry operates, environmental rules and the EU's trade policy.
To make the EU’s recovery plan and green transition a success, a Green Deal on Steel should be a coordinated approach for the EU policies on industry, climate, energy, trade and recovery.
This deal on steel should include the application of trade defence instruments without inhibition, the adoption of new tools to address damaging foreign subsidies, and the reform and modernisation of the WTO. To the make a success of the green transition, we need an effective carbon border measure reinforcing existing carbon leakage measures and green transition support, including boosts for innovation, development and deployment.
The green transition in steel, as part of the objectives of the Green Deal, will not succeed without fair competition in trade and balanced environmental costs. Steel has the greatest leverage effect on the path to a climate-neutral Europe and it is an important test for whether Europe will find its place in the new world order.
To find out more, please visit the Green Deal on Steel section of the EUROFER website.
Brussels, 08 October 2024 – The latest data disclosed by the Global Forum on Steel Excess Capacity (GFSEC), revealing a further increase in global overcapacity, require immediate, comprehensive trade actions by GFSEC like-minded countries. The impact of this destructive dynamic, distorting the global steel market and threatening thousands of jobs across Europe alone, needs to be tackled as a matter of urgency, says the European Steel Association.
Brussels, 10 September 2024 – The Draghi Report thoroughly identifies the bottlenecks to both the EU industry's decarbonisation and competitiveness. The proposed recommendations for energy-intensive industries, including on energy, trade, carbon leakage, financing and lead markets, should be integrated into the upcoming Clean Industrial Deal and implemented with concrete measures as a matter of urgency. Alignment across different policies is crucial, and should be accompanied by sector-specific initiatives to enable the transition of each industry including steel, asks the European Steel Association.
Brussels, 05 September 2024 – The latest developments in the steel sector and across critical value chains are worrying signs of a steady deterioration, endangering the survival and the transition of steelmakers and their key manufacturing customers in Europe, such as automotive. A Clean Industrial Deal including swift and radical measures in EU industrial, energy and trade policies, is the last chance to ensure Europe’s prosperity and shield European industry from cheap imports driven by third countries’ unfair trade practices, overcapacity and lower climate ambition, urges the European Steel Association.