Europe’s steel industry risks missing ambitious climate targets despite pledges of billions of euros in state aid from the region’s governments, warn environmental campaigners.
Since 2022, the European Commission has agreed more than €8bn in grants for some of the bloc’s largest producers to support investment in less carbon-intensive production, says Aria, a non-profit research organisation.
ArcelorMittal, the world’s second-largest steel producer and Europe’s biggest, has received €3bn in commitments for decarbonisation projects to phase out the use of coal in favour of natural gas and, eventually, hydrogen.
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