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  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

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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