The company stated that the European Union Emissions Trading System (EU ETS) has been one of the key mechanisms enabling the transformation investments currently being made across the European steel industry. It noted that billions of euros in investments in low-carbon steel production have been made on the basis of a clear and predictable climate policy framework.
Stegra emphasized that these investments will not only make the European steel industry more competitive and efficient in the long term but will also strengthen Europe's sovereignty, security and resilience.
"The integrity of the EU ETS must be preserved"
Pointing out that the EU Emissions Trading System is entering its next revision cycle, Stegra called on EU institutions to maintain the existing predictable and reliable climate policy framework and preserve the integrity of the EU ETS.
The company said this includes avoiding measures that would artificially lower the carbon price, allocating a significantly larger share of EU ETS auction revenues to support industrial investments, and continuing to strengthen the Carbon Border Adjustment Mechanism (CBAM).
Stegra says other European producers also support a strong EU ETS
Stegra stressed that support for a strong EU Emissions Trading System is not limited to its own company, noting that many European steelmakers have made similar calls.
According to the company, Outokumpu, SSAB, Salzgitter AG, Saarstahl AG, AG der Dillinger Hüttenwerke (Dillinger), SHS – Stahl-Holding-Saar, Hydnum Steel, Gravithy and LKAB also support maintaining a strong EU Emissions Trading System.
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