EUROFER: It can work. Climate Objectives, industrial growth and Jobs are compatible
“We all share the ambition to find an effective response to climate change. However, hopes for the early conclusion of a global agreement providing a level playing field have been dashed and, with the best will in the world, the likelihood of an agreement in 2015 creating a truly level playing field is remote.
We, the undersigned CEOs, urge the heads of state and governments to restore balance between industrial, energy and climate policies in order to preserve the competitiveness of the industries which are at the core of the European economy.”
64 CEOs of the European Steel Industry believe in a solution for a real win-win EU energy and climate policy without damaging Europe’s manufacturing industries.
According to EUROFER, The European Steel Association, this spring in Brussels is a unique opportunity to safeguard the global competitiveness of Europe’s energy intensive industries such as steel.
The Commission has set new ambitious unilateral climate targets for Europe up to 2030, but details are missing. No industry can be expected to make investment decisions on this basis, EUROFER says.
The proposed EU ETS target of 43% CO2 emission reduction by 2030 compared to 2005 means a 60% reduction for the EU steel industry compared to 1990, which is, according to EU’s Joint Research Centre's studies, technically and economically impossible to achieve with current technologies.
The European steel industry has lost over 15% of its workforce since 2008. EU crude steel output is down 20% of pre-crisis levels.
Additional information:
Director Mika Nykänen, tel. 040 825 7329, firstname.surname@techind.fi
