ETS helps EU steelmakers top decarbonisation rankings

European steelmakers have made better progress on decarbonisation than other firms in their sector around the globe thanks to incentives such as the EU emission trading scheme (ETS) and funding to support innovation.

The findings are outlined in a report from NGO Carbon Disclosure Project (CDP). It tracked the performance of steelmakers – who are responsible for 6-7% of anthropogenic emissions worldwide – as they work to decarbonise their operations in line with last December’s Paris Agreement and its aim to keep global warming below 2°C.