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EUROFER: Commission proposal threatens European steel industry

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Autor: Redaktion

Datum: 16. Jul. 2015

The steel plants are exposed to fierce global competition and have been repeatedly recognized as being at a very high risk of carbon leakage. In particular, the proposal fails to secure a global level playing field. This is because even the most efficient European steel plants will experience excessive additional costs not borne by their global competitors. This uneven distribution of costs is due to the continuation of the cross sectoral correction factor, as well as the artificial reduction of the performance benchmarks.
Both of these arbitrary moves cut free emissions rights down below technically feasible levels. Finally, it does not provide the necessary legal certainty that indirect carbon costs passed through in electricity prices will be offset in all member states. Presently, 22 member states do not offset any of these unilateral EU costs.