EU steelmakers will exhaust emissions budget 15 years early without new tech, report says

European steel companies must scale up their decarbonization technologies within the coming decade or risk exhausting their allocated emissions allowances early, according to a report released on Tuesday September 14.

The report, “Steeling for Net Zero,” by climate researcher Industry Tracker, found that selected European steel companies have less than 26% of their carbon budget remaining and must rapidly shift...

Published

Carrie Bone

September 14, 2021

15:37 GMT

London