decarbonization - Latest news GMK Center

The roadmap provides for the acceleration of low-carbon modernisation in energy-intensive sectors

The European People’s Party is proposing to slow down the planned rate of emissions reductions and to continue allocating free allowances

The project involves the construction of four underground storage facilities, the first of which is due to come into operation in 2031

An Italian steel producer has set a new target of net-zero emissions by 2050

The package of measures will be presented within three months

The fund’s aim is to encourage investment in R&D in the steel sector and to support the green transition in the EU’s coal-mining regions

The company’s indirect emissions are rising rapidly

Reducing emissions in ‘dirty’ sectors of the economy depends on access to clean electricity and a flexible power system

Initiatives are being held up due to a lack of funding and weak demand for cleaner steel products

The budget for the first phase of the project is around €1.5 billion

The new 62 MW power unit will form part of the plant’s decarbonisation programme and is due to come on stream in 2030

The company did not specify the timing of these investments