EMEA > Europe > Steelmaker profits from EU ETS freebies, while watering down decarbonisation goals -NGO

Steelmaker profits from EU ETS freebies, while watering down decarbonisation goals -NGO

Published 15:50 on April 29, 2026 / Last updated at 15:50 on April 29, 2026 / / EMEA (Europe), Net Zero Transition (Industrial Decarbonisation, Investment, Reporting & Disclosure, Power/Electrification)

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A European steelmaker has profited from the EU's Emissions Trading System (ETS) by receiving more free carbon allowances than it emits, and is weakening its decarbonisation goals despite receiving significant government subsidies, according to new analysis.
A European steelmaker has profited from the EU's Emissions Trading System (ETS) by receiving more free carbon allowances than it emits, and is weakening its decarbonisation goals despite receiving significant government subsidies, according to new analysis.


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