Geert Van Poelvoorde, CEO ArcelorMittal Europe – Flat Products, says: “We are committed to the decarbonization of the steel industry, in line with the objectives of the Paris Agreement and the European Union’s commitment to net-zero by 2050 as announced in the Green Deal this week. Our roadmap and the emissions reduction target of 30% by 2030 for Europe is a big step in the right direction. It’s not a one-size-fits-all model, as different parts of our business are at varying starting points. For some sites, certain technologies will work while others will be suited to another route. We’ve spent the last few years testing a range of technologies and now is the time to scale up and put them into action, with the support of the EU and member states, to ensure we are able to fully decarbonise.
In this regard, ArcelorMittal supports the European Commission’s Green Deal, and believes the right market mechanisms are a critical part of enabling the deployment of low-emissions steelmaking. This includes a carbon border adjustment and the Just Transition Fund, to invest in research, innovation and green technology.