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The European metal business is a strategic sector for the EU’s inexperienced transition, financial resilience and independence. We’ve got clear plans and concrete initiatives to scale back our sector’s CO2 emissions by no less than 30 p.c by 2030 and to realize climate-neutral metal manufacturing within the European Union by 2050. These commitments characterize a really industrial revolution that requires an enormous €30 billion capital funding in breakthrough applied sciences over the approaching eight years and a major improve in operational prices stemming from using decarbonized electrical energy and hydrogen.
Nevertheless, European legislators are actually contemplating proposals on the EU’s Emissions Buying and selling System (ETS) and the Carbon Border Adjustment Mechanism (CBAM) that undermine our capability to put money into these initiatives and derail the transition to inexperienced metal manufacturing in Europe.
In Europe, new allocation guidelines will immediately scale back the principle CO2 benchmark by round 40 p.c.
The proposals weaken carbon-leakage safety of our business within the home and world markets, favoring worldwide opponents which aren’t topic to equal carbon prices. In Europe, new allocation guidelines will immediately scale back the principle CO2 benchmark by round 40 p.c — due to one plant that was beforehand not within the scope — and set a worth which no firm can obtain in simply three years. This is because of a untimely transition from the free allocation and oblique price compensation system to a CBAM which has not but been examined. Circumvention and useful resource shuffling are only some of the numerous dangers that might undermine the CBAM’s effectiveness. Furthermore, the CBAM doesn’t but foresee any measure to protect the EU’s 20 million metric tons of metal exports per 12 months, value €45 billion, and the 30,000 jobs which might be immediately depending on these.
The proposals additionally take away large allowances from the market, additional driving the carbon and electrical energy worth in Europe at a time when companies and households are combating skyrocketing power prices and inflation. Lastly, they fail to seize the a lot increased carbon footprint of stainless-steel imports derived from the embedded alloying components.
Keep away from additional scaling again present carbon-leakage safety till the CBAM has confirmed its effectiveness and an answer for exports is in place.
We name on the European Parliament and Council to instantly deal with these issues and particularly to:
● Keep away from additional scaling again present carbon-leakage safety till the CBAM has confirmed its effectiveness and an answer for exports is in place.
● Stop a pointy lower in free allocation for present metal crops which might outcome from a modification of the benchmark scope. As an alternative, low-carbon applied sciences should be rewarded with out lowering prematurely benchmark values, no less than within the first years when such applied sciences are launched at an industrial scale.
The aforementioned adjustments to the ETS and CBAM will enable us to make the inexperienced metal transformation occur now inside the EU. Our investments will drastically profit local weather safety, the EU’s industrial competitiveness and a whole lot of 1000’s of jobs throughout the EU.
Geert Van Poelvoorde, CEO, ArcelorMittal Europe
Bernhard Osburg, CEO, thyssenkrupp Metal Europe AG
Henrik Adam, Chairman of the Board, Tata Metal Netherlands Holding
Francesc Rubiralta Rubio, Chairman and CEO, CELSA Group
Olavi Huhtala, CEO, SSAB Europe
Mario Caldonazzo, CEO, Arvedi
Hubert Zajicek, CEO, voestalpine Metal Division
Lorenzo Riva, CEO, Riva Group
Gunnar Groebler, CEO, Salzgitter AG
Timoteo Di Maulo, CEO, Aperam
Ajay Aggarwal, President of the Board, Liberty Galati
Heikki Malinen, President and CEO, Outokumpu Oyj
Jan Czudek, CEO, Třinecké železárny
Bernardo Velázquez Herreros, President, UNESID – Spanish Metal Affiliation
Carlos Gil Robles, Administrator, Megasa
Hans Jürgen Kerkhoff, President, Wirtschaftsvereinigung Stahl
James E. Bruno, President, US Metal Košice
Zlatislav Ivkov, Normal Supervisor, Stomana Business S.A.
Markus Ritter, CEO, Marienhütte Stahl & Walzwerk GmbH
George Michos, CEO, Sidenor Group
Vasileios Goumas, CEO, Hellenic Halyvourgia
Markus Menges and Florian Glück, Managing Administrators, Badische Stahlwerke GmbH
Radek Strouhal, CEO, Vítkovice Metal
Giuseppe Pasini, Chairman, Feralpi Group
Claudio Riva, Chairman, Riva Acciaio
Alessandro Banzato, CEO, Acciaierie Venete
Antonio Marcegaglia, Chairman and CEO, Marcegaglia Metal
Giuseppe Lucchini, Chairman, Lucchini Rs
Michele Della Briotta, President Europe, Tenaris
Francisco Irazusta, Government Chairman, Tubos Reunidos SA
Nicos Georgakellos, President, ENXE – Hellenic Steelmakers Union
Ionel Bors, President, UniRomSider – Romanian Metal Producers’ Union
Stefan Dzienniak, President of the board, HIPH – Polish Metal Affiliation
Roman Stiftner, Managing Director, Austrian Mining and Metal Affiliation
Ivan Jurkošek, Normal Supervisor, Štore Metal
Annika Roos, Managing Director, Jernkontoret
Kimmo Järvinen, Managing Director, Metallinjalostajat
Philippe Coigné, Director Normal, Groupement de la Sidérurgie
Bruno Jacquemin, Délégué Général, A3M
Daniel City, Chairman, Ocelářská unie
Anton Petrov, Chairman of the Board, Bulgarian Affiliation of the Metallurgical Business
Caterina Epis, Institutional Relations Director, Tenaris
Ianc Petru, Government Supervisor, UNITUB – Normal Union of Romanian Tubes Producers
Michel Tellier, CEO, Reinosa Forgings & Castings
Timo Rautalahti, CEO, Boliden Harjavalta
Klaus Peters, Secretary Normal, ESTEP – European Metal Expertise Platform
Axel Eggert, Director Normal, The European Metal Affiliation (EUROFER)
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