Publications » Position papers » Analysis and comments on Commission Draft Delegated Act for technical screening criteria for climate change mitigation and climate change adaptation concerning manufacture of iron and steel
Analysis and comments on Commission Draft Delegated Act for technical screening criteria for climate change mitigation and climate change adaptation concerning manufacture of iron and steel
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On 20 November the European Commission launched a public consultation (duration: 4 weeks) on the first two sets of criteria for determining which economic activities can qualify as environmentally sustainable, under the EU's Taxonomy. These first two sets of criteria included in the published Delegated Act focus on climate change mitigation and climate change adaptation.
The Delegated Act builds on the recommendations of the Technical Expert Group on Sustainable Finance (TEG) formulated in their final report of March 2020. However, the Commission made a number of substantial changes to the calibration of technical screening criteria in order to better align with the requirements for technical screening criteria set out in the Taxonomy Regulation, notably Article 19. The Commission retained criteria that were considered to be consistent with EU legislation, reflect a high level of environmental ambition, promote a level playing field, and be easy for economic operators and investors to use.
Certain additional activities for climate change mitigation and climate change adaptation have been included while some others that need further analysis have been momentarily removed.
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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.
Brussels, 25 July 2024 – Major indicators in the European steel market show a steeper-than-expected downward trend, further impacting the outlook for this year and the next. Poor demand conditions, driven by ongoing factors such as high energy prices, persistent inflation, economic uncertainty and geopolitical tensions, are exacerbated by a manufacturing crisis affecting the largest steel-using sectors, including construction and automotive. According to EUROFER’s latest Economic and Steel Market Outlook, apparent steel consumption is further deteriorating. After a slump (-3.1%) in the first quarter of 2024, its rebound for the full year has been revised downwards (to +1.4% from +3.2%), as well as for 2025 (+4.1% from +5.6%). Similarly, output in steel-using sectors, after a decline in the first quarter (-1.9%), is projected to experience a deeper-than-expected recession (-1.6% from -1%). A recovery is anticipated only in 2025 (+2.3%). Steel imports continue to show historically high shares (27%).