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ArcelorMittal call for green border adjustment to address climate change while securing the competitiveness of European steel mills

Saturday, January 12, 2019

ArcelorMittal recently called for Europe to introduce a green border adjustment whereby steel imported into Europe has the same standards applied on CO2 as European-produced steel under the Emissions Trading System (ETS) regime. The adjustment would call for any shortfall in CO2 emissions to be compensated by the importer.

The green border adjustment would incentivise effective reduction in carbon emissions and prevent the competitiveness of the European steel industry being eroded. Read more