Americas > Germany moves again to prop up steel transition amid global competition, protectionism debate

Germany moves again to prop up steel transition amid global competition, protectionism debate

Published 16:44 on February 6, 2024  /  Last updated at 17:34 on February 6, 2024  / /  Americas, Asia Pacific, Carbon Taxes, CBAM, Climate Talks, EMEA, EU ETS, International

The German government has pledged €1.3 billion to support a large steelmaker with its emissions reductions efforts, as climate transition risk and high costs continue to prompt EU member states to confront challenges with keeping heavy industry afloat.
The German government has pledged €1.3 billion to support a large steelmaker with its emissions reductions efforts, as climate transition risk and high costs continue to prompt EU member states to confront challenges with keeping heavy industry afloat.


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