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EU Steel Giants Fight for Carbon Market Integrity
30 Jun
Summary
- Major EU steelmakers advocate for robust emissions trading.
- They warn against weakening the bloc's carbon market rules.
- Support for a strengthened carbon border levy is also urged.
Major European steel manufacturers have issued a clear call to EU policymakers, advocating for the preservation and strengthening of the bloc's environmental regulations. Companies such as Salzgitter AG and SSAB AB are urging decision-makers to avoid any measures that could dilute the effectiveness of the EU Emissions Trading System (EU ETS).
These industry leaders contend that weakening the EU ETS would significantly undermine investment certainty within the sector. Such a move, they argue, would disproportionately penalize the steel industry. Furthermore, the steelmakers are pushing for enhanced support and implementation of the EU's carbon border levy, aiming to ensure a level playing field against competitors from regions with less stringent climate policies.
