Tag: decarbonize (1 articles)

Industry   |   28 June, 2023 at 12:10 PM

EC approves €280 million to support steel production decarbonisation

The European Commission has approved, under EU State aid rules, a €280 million Belgian measure to support ArcelorMittal Belgium in partially decarbonizing its steel production processes. The measure will contribute to the achievement of the EU Hydrogen Strategy, the European Green Deal, and the Green Deal Industrial Plan targets while helping to end dependence on Russian fossil fuels and fast forward the green transition in line with the REPowerEU Plan.

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Finance

EU leads the way in green finance

The EU has emerged as a global leader in green finance, having issued over €65 billion in NextGenerationEU (NGEU) Green Bonds since 2020.