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decarbonization - Latest news GMK Center

Photo – The EU should stimulate green investments in Europe — EUROFER
The EU should stimulate green investments in Europe — EUROFER

The gap in the cost of steel production between the EU and the US may increase to 60%

Photo – British Steel and Tata Steel should switch to EAF for subsidies — Green Alliance
British Steel and Tata Steel should switch to EAF for subsidies — Green Alliance

The companies' two plants account for 95% of the UK's steel sector emissions.

Photo – The EU should develop a scheme similar to the green subsidies of the USA — ThyssenKrupp
The EU should develop a scheme similar to the green subsidies of the USA — ThyssenKrupp

Energy prices may force European companies to relocate production

Photo – Nippon Steel, Mitsubishi and Exxon will jointly study carbon capture
Nippon Steel, Mitsubishi and Exxon will jointly study carbon capture

The companies will conduct research at Nippon Steel's steel mills

Photo – EUROFER calls on the European Union to include scrap in the list of critical raw materials
EUROFER calls on the European Union to include scrap in the list of critical raw materials

A high rate of raw material exports risks jeopardizing both Europe's strategic autonomy and its climate goals

Photo – Inconsistency in EU and US approaches will affect global climate efforts
Inconsistency in EU and US approaches will affect global climate efforts

The EU reached a preliminary agreement on CBAM in December 2022

Photo – ArcelorMittal South Africa has released its decarbonisation roadmap
ArcelorMittal South Africa has released its decarbonisation roadmap

Steel producer aims to reduce carbon emissions by 25% by 2030

Photo – Germany reduced scrap exports by 11% y/y in January-November 2022
Germany reduced scrap exports by 11% y/y in January-November 2022

In monetary terms, exports increased by 9.5% y/y in connection with the increase in scrap metal prices

Photo – Investments in the decarbonization of industry should remain in the EU
Investments in the decarbonization of industry should remain in the EU

In 2023, the European Union will focus on supporting green technologies

Photo – Adolfo Aiello: CBAM should motivate non-EU steel producers to decarbonise
Adolfo Aiello: CBAM should motivate non-EU steel producers to decarbonise

EUROFER Deputy Director General Climate and Energy about the deal on the Carbon Border Adjustment Mechanism and review the Emissions Trading System in EU

Photo – UK considers introduction of CBAM analogue to protect steel industry
UK considers introduction of CBAM analogue to protect steel industry

Duty could be a part of British Steel and Tata Steel UK support package

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