EUROFER on effective protection against carbon leakage

On July 14, the European Commission's “Fit for 55” package was released, which will revise the EU's climate and energy policies. The new policy aims to reduce carbon emissions by 55% from 1990 levels.

Axel Eggert, CEO of EUROFER, commented on the new policy, according to which the European Commission must ensure three things to implement the new policy: effective protection against carbon leakage, affordable low-carbon energy and strong support for advanced technologies.

Fit for 55 depended on successfully channeling resources and finding a market for environmentally friendly steel, especially since the cost of such steel was higher than that of conventional steel.