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EUROFER Seeks Tangible Framework for Implementation of New 2030 Climate Targets

Steel News - Published on Fri, 18 Sep 2020

Image Source: EUROFER 2030 Climate Targets
The European Commission has published its revised target to reduce emissions by 55% by 2030, compared to 1990 levels. While the European steel industry is already hard at work developing new ways to produce carbon-lean steels, the EU needs to implement a set of concrete measures, as soon as possible, to ensure that decarbonisation is achieved while actually ensuring growth and sustainability. European Steel Association EUROFER Director General Mr Axel Eggert said “The success of EU climate leadership does not rely on its level of ambition, already unrivalled by any other major global partner, but mainly on its ability to demonstrate that it is possible to combine environmental sustainability with economic growth and social acceptance. European steel has already highlighted its ambition to reduce CO2 emissions by 30% by 2030 from 2018 levels or 55% compared to 1990 and on to close to carbon neutrality by 2050. This will be achievable only under the right conditions and with the right framework in place.”

This framework consists of support for investment in innovation and roll-out, the creation of a market for green materials, the availability of the appropriate renewable energy sources, an international level playing field, and the application of the EU trade defence instruments without inhibition against third country trade distortions. This framework needs to be established as a matter of urgency.

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Posted By : Yogender Pancholi on Fri, 18 Sep 2020
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