Request Free Trial
February 22, 2023

EU approves subsidies for ArcelorMittal’s ‘two-speed decarbonisation’

By and Seth O'Farrell
Photo: Bloomberg
Photo: Bloomberg

The decision to help the steelmaker to build green hydrogen-powered plants in Europe while it maintains coal-reliant production elsewhere has drawn criticism.

The European Commission is permitting the Spanish and German governments to subsidise the construction of ArcelorMittal’s renewable hydrogen-powered steel production facilities, amid accusations the company was running a “two-speed decarbonisation”.

To continue reading

Request Free Trial
  • Unlimited access to all content
  • Email alerts highlighting key industry insight.
  • Invitations to attend exclusive roundtables and events.
  • The Sustainable Views Policy Tracker - deep insight on ESG regulations and deadlines
Already a subscriber?Log in
A service from the Financial Times