February 22, 2023
EU approves subsidies for ArcelorMittal’s ‘two-speed decarbonisation’
By Alex Janiaud and Seth O'Farrell
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”.
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