ArcelorMittal calls for the introduction of “green border adjustment” in Europe

On December 11, 2018, ArcelorMittal called for the introduction of “green border adjustment” in Europe, that is, steel products imported into Europe should be implemented in the framework of the Emissions Trading System (ETS) system. The same carbon emission standards.
After the implementation of this adjustment, the shortage of carbon dioxide quota will be compensated by the importer. ArcelorMittal believes that “green border adjustment” will encourage companies to reduce carbon emissions while preventing the competitiveness of the European steel industry from being eroded.


Current carbon emissions system does not change the way steel is produced
“Introducing 'green border adjustment' is crucial for creating a fair market environment, encouraging energy-saving and environmentally-friendly advanced technology research and development, and promoting real improvement of the environment,” said Arcadia Mittal, president and chief financial officer of ArcelorMittal. Steel is a global trade material, and about one-third of steel consumption is achieved through global trade. In recent years, European steel imports have increased due to overcapacity in global steel production. In 2018, Europe imported about 26 million tons of steel from countries without similar climate policies.
Aditya Mittal further stated: “The current carbon trading system will not change the way steel is produced, it will only change the steel production. Europe will continue to need steel, but more steel may come from countries without similar climate policies. This may allow Europe to claim that its carbon production has been reduced, but if it does not address the carbon emissions of its consumer products, everything that is done now is meaningless. Although there are some countries and regions in carbon reduction. We have taken effective measures and achieved important results, but we still need to be vigilant and take corresponding measures to prevent carbon leakage from global trade materials such as steel (referring to a country or region to adopt carbon dioxide emission reduction measures, some products in the country or region may be produced Transfer to other countries or regions that have not taken carbon dioxide emission reduction measures, so that global carbon dioxide emissions will not fall.)
Steel is the core material for a sustainable future
“Steel is environmentally friendly and is conducive to the development of a circular economy. Steel is the world's preferred material and the core of a sustainable future.” ArcelorMittal Strategy Vice President and Chief Technology Officer David Clarke from Recyclability and Carbon Dioxide Emissions emphasizes the natural advantages of steel over other materials: the magnetic properties of steel make it one of the easiest materials to recycle, and it also has 100% recyclable properties; even under current technical conditions, steel The finished product produces much less carbon dioxide than products made from other materials such as glass or aluminum.
David Clarke said that the development of policies, energy and technology will be a key factor in reducing carbon dioxide emissions from steel production. He believes that with substantial financial support, the steel industry can adjust production technologies in the coming decades to meet the challenges of carbon emissions. To do this, governments in various countries and regions should formulate scientific and rational policies, create a fair market competition environment, and find ways to obtain renewable energy with competitive prices.
ArcelorMittal revealed that the company is strengthening research on the application of new technologies for energy conservation and environmental protection, which may have a major impact on global carbon reduction over a long period of time, including carbon capture, storage and use, and renewable Utilization of renewable energy such as biomass fuels. ArcelorMittal believes that the large-scale application and commercialization of these breakthrough technologies requires investment demonstrations from both the public and private sectors. For example, the European energy sector receives an average of 50 euros/ton of carbon emission reduction subsidies from the government each year.

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The steel industry's first global multi-stakeholder certification standard will be released
Recently, ArcelorMittal said that the company is promoting the formation of the steel industry's first global multi-stakeholder certification standard - Responsible SteelTM (Responsible Steel). This standard will be officially launched after a rigorous certification process, with an estimated time of 2019.
Responsible SteelTM will establish a complete global certification standard for the entire steel value chain from mining to production to sales. Certification covers the following areas: climate change and greenhouse gas emissions, water responsibility and biodiversity, human rights and labor law, community relations and business integrity.
“Currently, environmentally responsible production technologies and high ethical business standards are becoming more and more important. They can be passed on to our customers and end consumers, so that downstream users of steel products have a choice of their choice. Full confidence, but also can promote the entire industry chain to a greener, smarter, healthier and more harmonious direction." Alan Knight, global director of the sustainable development department of ArcelorMittal, said, "From this aspect Responsible SteelTM provides an excellent opportunity for the sustainable development of the steel industry. It is believed that once released, it will become a recognized standard in the global steel industry."
Currently, Responsible SteelTM consists of 22 members including steel producers, car manufacturers, financing providers, and NGOs. It is expected that the number of members will increase rapidly after the standard is released. (Wu Xiang)

                                                                                                                                                                                                                                                       Excerpt from: China Metallurgical News

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