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The carbon border levy will drive EU steel transition
(EurActiv, 28 Jun 2022) Technologies to drastically reduce greenhouse gas emissions in the iron and steel industries already exists and are scalable. Policies and measures in the EU must therefore incentivise development in this direction and do so quickly, writes Henrik Henriksson.
Henrik Henriksson is the CEO of H2 Green Steel, a Stockholm-based start-up founded in 2020 to build two large-scale green steel production facilities in northern Sweden and Iberia.
The Green Deal aims to transform the EU into a modern, resource-efficient, and competitive economy while quickly reducing emissions of greenhouse gases to net zero by 2050. The steel sector represents about 25% of industrial emissions in the EU.
Whilst new players are committed to accelerating the reduction of emissions through innovation, incumbent steel players want to delay change, thereby jeopardising the dual goals of the green deal.
Technologies to drastically reduce greenhouse gas emissions in the iron and steel industries already exists and are scalable. With these technologies, we have a chance to future-proof the industry in the EU.
Investments and entrepreneurship that improve productiveness, cost-efficiency, digitalisation, quality and, at the same time, significantly lower the products’ carbon footprint will create an advantage over the rest of the world for decades to come.
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EurActiv, 28 Jun 2022: The carbon border levy will drive EU steel transition
