As the European Union moves closer to implementing carbon tariffs, new green steel companies are positioning themselves to reap significant rewards. With the EU’s Carbon Border Adjustment Mechanism (CBAM) set to target carbon-intensive imports, firms producing low-emission, sustainable steel are set to benefit from a competitive edge. The move is aimed at reducing carbon leakage and encouraging cleaner production practices, which could dramatically shift the global steel market, making environmentally friendly production methods more attractive to both consumers and investors.
In response to the EU’s bold climate policies, several green steel startups have emerged, leveraging cutting-edge technologies such as hydrogen-based steelmaking and electrification to reduce emissions. These companies are well-positioned to tap into the growing demand for sustainable materials, as industries across Europe seek to meet stringent climate targets. With EU carbon tariffs incentivizing cleaner steel production, these green firms could not only boost their market share but also play a critical role in reducing global industrial emissions, paving the way for a more sustainable future. More