9,312.12 TL BIST 100 BIST 100
4.33 CNY CNY CNY
31.01 $ USD USD
€33.67 EUR EUR
0.13 CNY CNY/EUR CNY/EUR
43.40 TL Interest Interest
83.33 $ Fossil Oil Fossil Oil
22.96 $ Silver Silver
3.88 $ Copper Copper
117.35 $ Iron Ore Iron Ore
394.00 $ Ship Dismantling Ship Dismantling
2,022.47 TL Gold (gr) Gold (gr)

European Commission's Green Deal plan for low carbon steel production

The European Commission's industrial plan will open the door to achieving climate targets, low-carbon steel production and the emergence of clean technologies.

European Commission's Green Deal plan for low carbon steel production

The European Commission has exposed its "Green Deal" industrial plan, which aims to boost the competitiveness of the European zero emissions industry and support a rapid transition towards climate neutrality. It aims to expand the EU's production capacity and create a more conducive environment for the production of zero-emission products that Europe needs to meet its ambitious climate goals.

EUROFER said the industrial plan should encourage investment and other clean technology investments in the region, similar to the US Inflation Reduction Act to enable low carbon steel projects. EUROFER also underlined the critical importance of a value chain approach that focuses on all the key upstream and downstream sectors necessary to manage the EU climate and circular economy targets.

EUROFER's CEO said “We urge the Commission to develop a concrete plan that will provide access to carbon capture as well as access to timely, abundant and affordable energy without the use of fossil fuels and hydrogen for metals and other sectors ready to accelerate decarbonisation. A structured, comprehensive and long-term EU industrial policy proposal should aim to match the level of incentives provided by our international competitors." 

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

US HRC imports decreased in 2023

Thursday, February 22, 2024

Latest on EU pipe quotas...China and some countries used full capacity

Thursday, February 22, 2024

Russia increased steel exports to India by 48 % in 2023

Thursday, February 22, 2024

Scrap and rebar prices decreased in Türkiye

Thursday, February 22, 2024

Approval of coal-based power capacity in China poses a risk to climate goals

Thursday, February 22, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now