Ensuring the net-zero transition of the EU’s steel and iron industries requires the rapid expansion of renewable hydrogen and electricity production, highlights a new report by the Swedish NGO working to align industries’ carbon emissions with the Paris Agreement by 2030 to reach neutrality by 2050. “The share of green steel project announcements in the EU speaks to the region’s leadership in the transition of the iron and steel industries. Most of these projects are planned to be online by 2030 — just five years away from today. Evaluating and planning the renewable electricity demand for the iron and steel sector with all stakeholders is essential to minimize delays,” comments Per Andersson, head of the secretariat at LeadIT.
