Publications » Position papers » EUROFER contribution: Platform on Sustainable Finance Draft Report on Activities and Technical Screening Criteria to be Updated or Included in the EU Taxonomy
EUROFER contribution: Platform on Sustainable Finance Draft Report on Activities and Technical Screening Criteria to be Updated or Included in the EU Taxonomy
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The Platform on Sustainable Finance has published a draft report on preliminary recommendations for the review of the Climate Delegated Act and the addition of activities to the EU taxonomy. In particular, the draft presents a set of recommendations for revision of technical screening criteria of activities included in the Taxonomy Climate Delegated Act. The draft report also recommends revisions to DNSH with new criteria, recommends revisions on substantial contribution (SC) by preparing FAQ to address approach for integrated steel mills (FAQ to clarify) and a review in Appendix C.
EUROFER's feedback contribution addresses these specific recommendations in more detail.
Developed with the support of the Offshore Wind Foundation Alliance and European Wind Tower Association, the position paper outlines the strategic importance of wind components for Europe’s green transition and calls for targeted measures to strengthen their role within the NZIA.
Brussels, 2 April 2025 - The latest data unveiled by the OECD in its meeting in Paris draw an extremely worrying picture, where global steel excess capacity is expected to grow from an estimated 602 million tonnes in 2024 to 721 million tonnes by 2027 – over five times the EU's steel production. The European steel industry - already severely hit by the spill-over effects of global overcapacity and the U.S. steel import tariffs - reiterates the crucial need for strict and effective EU post-safeguard measures to ensure its survival.
Brussels, 19 March 2025 – The Steel and Metals Action Plan, unveiled today by the European Commission, provides the right diagnosis to the existential challenges facing the European steel industry. Concrete measures need to follow swiftly to reverse the decline of the sector, re-establish a level playing field with global competitors, and incentivise investment and uptake of green steel in the market.
The European Steel Association (EUROFER)
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