The EU is well on track to achieve the 2020 targets on greenhouse gas emissions reductions. However, maintaining a healthy trajectory towards a carbon-neutral economy will demand clear investment planning in R&D and infrastructure, significant clean energy deployment and political will, both internationally and at home, over the coming decades.
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Transition to a circular economy is a must if we are to protect our planet, but also if we are to increase the competitiveness of European industry. This is a long-term process that will require numerous initiatives at European, national and regional level. Companies see the circular economy as an opportunity. "Going green" is beneficial not only for the environment, but also for businesses, providing real savings in terms of raw materials, water and energy. Apart from its environmental and economic benefits, the circular economy also has social advantages, providing new jobs and new business models.
Not since the late 1970s, when Europe adopted the so-called “Davignon rescue plan” for its steel, have we witnessed a more serious crisis in the European steel sector. This time it is caused by illegal foreign trade practices. Today, once again, European mills are idled. Plant continue to be shut down, the most recent case being in the UK. European workers are laid off. The EU has seen a 120% surge in Chinese imports since 2013, with 7 000 steelworkers having lost their jobs across Europe since autumn 2015.