International > CBAM & Tariffs > Faster free allocation phaseout would aid EU steel decarbonisation by curbing scrap exports -report

Faster free allocation phaseout would aid EU steel decarbonisation by curbing scrap exports -report

Published 11:01 on September 22, 2022 / Last updated at 11:12 on September 22, 2022 / / EMEA (Compliance Markets & Taxes, Europe), CBAM & Tariffs

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A faster phase-out of free emissions allowance allocations to steel firms in the EU would incentivise steel scrap recycling on the continent and prevent millions of tonnes of carbon-intensive exports to countries such as Bangladesh, Pakistan, and Turkey, a report has found.
A faster phase-out of free emissions allowance allocations to steel firms in the EU would incentivise steel scrap recycling on the continent and prevent millions of tonnes of carbon-intensive exports to countries such as Bangladesh, Pakistan, and Turkey, a report has found.


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