For years, nothing happened. Hardly a report about a green turnaround in steel production. And suddenly everyone is doing it. Green projects are springing up like mushrooms at German (and also European) steel mills.
95% compensation payments from the German taxpayer
And it is proudly reported from lobbyist circles that 95% of the investments are now being donated by the German taxpayer. Any questions as to why we have only been hearing about green steel in Germany and Europe since this year? We certainly do not.
Source: Press release BMU
Read also:
- Green Steel and CBAM: Or how the steel producing industry is artificially kept alive
- BMWi: How the German Federal Ministry of Economics influences (world) steel policy
- No to CBAM: European Aluminium rejects pilot phase
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