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Europe’s Top Steelmakers Warn Against Weakening Carbon Market

Europe’s Top Steelmakers Warn Against Weakening Carbon Market
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Europe’s Top Steelmakers Warn Against Weakening Carbon Market The European Union’s biggest steelmakers, including Salzgitter AG and SSAB AB, urged policy makers to avoid weakening the bloc’s flagship emissions market and to support strengthening its carbon border levy. Dampening the EU Emissions Trading System would erode investment certainty, penalize companies that decarbonize faster and delay the industry’s transition of to clean energy, the steelmakers said in a statement on Tuesday.

Europe’s Top Steelmakers Warn Against Weakening Carbon Market The European Union’s biggest steelmakers, including Salzgitter AG and SSAB AB, urged policy makers to avoid weakening the bloc’s flagship emissions market and to support strengthening its carbon border levy. Dampening the EU Emissions Trading System would erode investment certainty, penalize companies that decarbonize faster and delay the industry’s transition of to clean energy, the steelmakers said in a statement on Tuesday.
Europe (LOCATION) The European Union’s (ORG) Salzgitter AG (ORG) SSAB AB (ORG)
Originally published by Bloomberg Markets Read original →