[Ferro-Alloys.com]

  04 EU releases new strategy for European industry focusing on green and digital transformation

  Europe's industrial climate: shaping the future of industry in the world, a clear vision for the future of Europe's industry, was released on March.

  In order to realize the promise of reducing greenhouse gas emissions by 80% ~ 95% by 2050 from 1990 in the European Commission's "European Green New Deal" issued at the end of 2019, in the second half of 2020, the European steel union has designated two main technical routes for "European Green New Deal", namely "intelligent carbon use" and "carbon direct avoidance", and is committed to promoting the low-carbon metallurgical technology revolution.

  On September 17, European Commission approved the assessment of the impact of the national energy and climate plans (NECPs) of EU Member States from 2021 to 2030 within the EU. The assessment shows that at present, the EU is expected to achieve the goal of "reducing greenhouse gas emissions by 40% by 2030". Accordingly, the European Commission has proposed an ambitious climate target plan to reduce EU greenhouse gas emissions by 55% by 2030 compared with that in 1990 (the previous target was 40%).

  In September, European Commission President Frederick Von Draen pointed out at the plenary session of the European Parliament that it is necessary to promote the transformation of the "digital decade in Europe", formulate the "common plan for digital Europe" and specify development goals for 2030.

  Comments: The vision of green and digital transformation of European steel industry is exciting. However, due to coronavirus pandemic and European Union's iron and steel industry chain, the European steel enterprises and related investors urgently need a stable and predictable policy framework. This should include supporting investment in relevant technological innovation and promotion, creating a good market environment for green products, and establishing an international fair competition environment. At the same time, it should be compatible with all aspects of European Green New Deal and European digital common plan.

• [Editor:Catherine Ren]