Carbon Taxes > FEATURE: Steelmakers brace for end of free EU carbon allowances

FEATURE: Steelmakers brace for end of free EU carbon allowances

Published 13:32 on February 28, 2024  /  Last updated at 15:06 on February 28, 2024  / Frédéric Simon /  Carbon Taxes, CBAM, EMEA, EU ETS, International

Traditional steelmakers say they will have to spend €3 billion on additional EUAs until 2030 to comply with the European Commission's newly proposed free allocation rules, which aim to promote the cleanest methods of reducing iron ore for steelmaking.
Traditional steelmakers say they will have to spend €3 billion on additional EUAs until 2030 to comply with the European Commission's newly proposed free allocation rules, which aim to promote the cleanest methods of reducing iron ore for steelmaking.


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