Since 1960, the European steel industry has already halved its energy usage and CO2 emissions. But in the same way as Europe has demonstrated global leadership with its ambitious Green Deal for Europe which includes a clear commitment to be carbon neutral by 2050, so the European steel industry is committed to helping deliver a greener future for all.
We are already working hard on preparing the transition to carbon-neutral steelmaking, in line with the EU’s commitment and the global Paris Agreement to reduce global warming.
The transition to a low carbon world requires a transformation in the way we manufacture iron and steel. There is no single solution to CO2 free steelmaking and a broad portfolio of technological options is required.
Our industry is exploring a range of low- and carbon-neutral solutions that could lead to a carbon neutral future under an optimum regulatory framework. And what used to be laboratory concepts are now at various stages of turning into an industrial reality.
But by using a mix of these breakthrough technologies, process efficiency and greater scrap availability, we are confident that we can achieve up to 95% reduction in CO2 emissions by 2050, and reach the intermediate objective of 30% by 2030.
At the same time, as a permanent material that recycles forever in a closed material loop, steel is also part of the solution for a greener future.
When steel packaging is recycled it can be used for supporting green technologies with offshore windmills, electric car motors and energy efficient homes.
“Green Steel for Europe” (GREENSTEEL) is a project that supports the EU towards achieving the 2030 climate and energy targets and the 2050 long-term strategy for a climate-neutral Europe. Read more about Greensteel here
Learn more about our members’ specific commitments here:
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