CleanTechnica•3 days ago
Why Green Steel, Not Green Iron, Determines Europe’s Industrial Future
Key Takeaway
Europe's industrial future is tied to a domestic green steel strategy that requires substantial policy support and market acceptance of higher costs to achieve decarbonization and maintain competitiveness.
AI Summary
- •Europe is committed to a 'green steel premium' strategy, aiming for domestic decarbonization of its steel sector.
- •This strategy anticipates higher production costs for green steel, which are expected to be absorbed through a combination of policy support and buyer willingness.
- •The initiative seeks to maintain industrial competitiveness while transitioning to green steel, signaling a significant, policy-backed demand shift towards decarbonized industrial processes and associated energy infrastructure.
Topics
emissionsfinancingpolicyppa
Article Content
The idea of a European green steel premium has become widely accepted over the past several years. It rests on the belief that Europe can decarbonize its steel sector domestically, absorb higher production costs through a mix of policy support and buyer willingness, and maintain industrial competitiveness while doing so. ... [continued] The post Why Green Steel, Not Green Iron, Determines Europe’s Industrial Future appeared first on CleanTechnica .