Opinions

The adoption of the European Union Climate law has set an ambitious emission reduction target for 2030 while confirming the climate neutrality objective for 2050. According to the IPCC scenarios, keeping global warming below 1.5°C requires that global anthropogenic net emissions should be zero by around 2050. Secondly, meeting this goal requires the deployment of CDR, which can happen by means of bioenergy with carbon capture and storage (BECCS) and removals in the agriculture, forestry and other land use (AFOLU) sector. The IPCC defines CDR as "anthropogenic activities removing CO2 from the atmosphere and durably storing it in geological, terrestrial, or ocean reservoirs, or in products".

EU Heads of State or Government, meeting in Versailles on 11 March, committed to “bolster European defence capabilities” in light of the Russian military aggression against Ukraine. They agreed to: 1) increase defence expenditures; 2) step up cooperation through joint projects; 3) close shortfalls and meet capability objectives; 4) boost innovation including through civil/military synergies; and 5) strengthen and develop our defence industry, including SMEs. Moreover, they invited “the Commission, in coordination with the European Defence Agency, to put forward an analysis of the defence investment gaps by mid-May and to propose any further initiative necessary to strengthen the European defence industrial and technological base.” The tasking was also integrated in the Strategic Compass on Security and Defence adopted by the Council and endorsed by the European Council in March 2022.

Steel is one of Europe's essential strategic sectors and plays a vital role in providing products and services to a wide-range of Europe’s industrial ecosystems.