voestalpine AG

Feedback to the IDAA call for evidence The European Steel industry, of which voestalpine is an integral member, fully supports the objectives of the Industrial Decarbonisation Accelerator Act, to create the market demand in both private and public procurement for low CO2 steel products made in Europe.

Corporate fleets are an integral part of industrial processes, product portfolio of the automotive industry and, thus, the according value chains. Therefore, corporate fleets may and should contribute to climate neutrality and sustainability. Nevertheless, it is also essential that the profitability and international competitiveness of these value chains and all their elements is taken into account and improved.

Neither the EU nor individual countries can meet their climate targets without decarbonizing the steel industry, and it is clear that climate ambition must be delivered through innovation and investments in Europe not deindustrialization. It is therefore key to create the conditions and predictability for companies to continue reducing emissions through investments in innovative technologies and solutions.

We basically welcome the proposal by the EC but need to stress that loopholes of the CBAM need to be taken into account and closed. Such loopholes are the recognition of carbon taxes and levies in third countries, which may only be taken into account as far as those are equivalent with the EU ETS, and the utilization of revenues.

We welcome any initiative that supports sustainability while strengthening the international competitiveness of processes and products in and from the EU. Therefore, we would like to ask to take into account: Premise: Security of supply International competitiveness Somit: Technological neutrality across the EU, as far as possible worldwide, consistent implementation Efficient and effective demonstration of whole…

Filed in German · English published by the European Commission

voestalpine supports the objectives of improving transparency, reducing greenhouse gas emissions, strengthening circularity, and developing lead markets for low-carbon steel. At the same time, the Impact Assessment (IA) must carefully weigh environmental benefits alongside administrative costs, implementation complexity, market distortions, raw material security, and industrial competitiveness.