Leading Chinese and global metallurgical group Baowu announced the establishment of a global alliance to promote innovations in the low-carbon metallurgy (Global Low-Carbon Metallurgical Innovation Alliance) for joint control of greenhouse gas emissions and climate change.
Steel, cement and fertilisers should be among the first sectors covered by the upcoming carbon border levy aimed at safeguarding European businesses from cheaper CO2 intensive imports, according to Poland.
PJSC ArcelorMittal Kryvyi Rih (AMKR) intends to achieve carbon neutrality – that is to comply with Green Deal standards, by 2050. This was stated by the company’s Chief Executive Officer Mauro Longobardo.
Swedish automotive giant Volvo Group plans to produce the world’s first vehicles to be made from fossil fuel-free steel, with the first vehicles expected later this year.
European Union steelmakers may be at loggerheads with the European Commission on how a Carbon Border Adjustment Mechanism can be introduced in Europe, according to views expressed during a European Steelmakers’ Association March 17 webinar that focused on EU climate policy.
On March 10, 2021, by a majority vote, the European Parliament supported the introduction of a carbon tax (the so-called Carbon Border Adjustment Mechanism (CBAM), which will protect European companies from cheap imports from countries that are not decarbonizing their economy.
