Publications » Position papers » EUROFER contribution: Platform on Sustainable Finance Draft Report on Activities and Technical Screening Criteria to be Updated or Included in the EU Taxonomy
EUROFER contribution: Platform on Sustainable Finance Draft Report on Activities and Technical Screening Criteria to be Updated or Included in the EU Taxonomy
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The Platform on Sustainable Finance has published a draft report on preliminary recommendations for the review of the Climate Delegated Act and the addition of activities to the EU taxonomy. In particular, the draft presents a set of recommendations for revision of technical screening criteria of activities included in the Taxonomy Climate Delegated Act. The draft report also recommends revisions to DNSH with new criteria, recommends revisions on substantial contribution (SC) by preparing FAQ to address approach for integrated steel mills (FAQ to clarify) and a review in Appendix C.
EUROFER's feedback contribution addresses these specific recommendations in more detail.
Brussels, 13 February 2025 – Following the high-level conference “A Carbon Border Adjustment Mechanism for Climate - Addressing carbon leakage to strengthen global climate action”, organised in Paris by the European Commission and the French Ministries of Finance, Economics and Climate Transition, EUROFER emphasises that simplification must go hand in hand with ensuring the instrument’s effectiveness. This means addressing key issues such as resource shuffling, exports, and the inclusions of products further down the value chain.
Brussels, 11 February 2025
Brussels, 06 February 2025 – The economic and geopolitical conditions that have affected the European steel market over the past two years show no signs of improvement and have further deepened their negative impact on the sector in 2024. Growing uncertainty continues to weigh also on 2025 and 2026, with the outlook hinging on unpredictable developments especially as regards international trade. According to EUROFER’s latest Economic and Steel Market Outlook, the recession in apparent steel consumption in 2024 will be steeper than previously projected (-2.3%, down from -1.8%) and the expected recovery in 2025 has now been downgraded (+2.2%, down from +3.8%). Similarly, steel-using sectors’ recession has been revised downwards for 2024 (-3.3% from -2.7%), while growth projections for 2025 have also been lowered (+0,9% from +1.6%). Some acceleration is not expected until 2026 (+2.1%). Steel imports remain at historically high levels (28%) also in the third quarter of 2024.
The European Steel Association (EUROFER)
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Belgium
Email: mail@eurofer.eu
Phone: +32 (0) 2 738 79 20
