Insight
European decarbonisation: The risks of a stalled transition
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Despite the looming approach of Europe’s Carbon Border Adjustment Mechanism (CBAM) and the associated scale-back of the free allocations under the Emission Trading Scheme (ETS), the green steel transition in Europe seems to be stumbling at the final hurdle. The past months have seen several announcements of delays from major European steelmakers, citing economic difficulties and a lack of clarity around the effectiveness of support measures to be offered by European governments. Why is this happening, and what can we expect from European decarbonisation over the next years? In this Insight, we examine the motivation behind the green transition, the challenges facing steelmakers, and the solutions they may choose to enact.
Table of contents
- A rocked boat
- The challenge facing steelmakers
- and the solution
- The risks of a slowing pace
Tables and charts
This report includes the following images and tables:
- Monthly European inflation and ECB interest rate
- European building permits and building construction activity
- Map of European blast furnace idles and green project delays
- European crude steel production cost
What's included
This report contains:
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