Author | Lightnews

SteelWatch @steelwatch.bsky.social · 1d

A new @reclaimfinance.org report highlights that banks still aren't financing sufficient sustainable power generation, that's essential for the high-emissions steel sector to cut its huge climate footprint. It’s time for banks to shift capital from fossil fuels to renewables. Read more👇
#GreenSteel

No fossil-free steel without sustainable power: banks must step up - Reclaim Finance

By failing to support the development of sufficient sustainable power supply, banks are jeopardizing the decarbonization of the steel sector as a whole.

reclaimfinance.org

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SteelWatch @steelwatch.bsky.social · 2d

To backtrack now would send the wrong signal and not only undermine Europe’s credibility but also weaken the momentum of climate action globally.

Read our full commentary: bit.ly/4hjxzJD

#GreenSteel #SteelDecarbonisation #CBAM #ETS #ClimateAction

SteelWatch @steelwatch.bsky.social · 2d

China added steelmaking to its own emerging carbon pricing system earlier this year. The EU is catalysing exactly the kind of global conversations that are needed for wider climate action.

However, some steelmakers are pushing the EU Commission to delay or “revise” these reforms.

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SteelWatch @steelwatch.bsky.social · 2d

The EU’s forthcoming Carbon Border Adjustment Mechanism (CBAM) is already having ripple effects around the world. From Istanbul to Seoul to Beijing, policymakers and companies are now discussing how to design carbon pricing systems of their own.

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SteelWatch @steelwatch.bsky.social · 5d

If policies are changed at the last minute, they lose their credibility — and every climate policy to come will lose its teeth. Read our full commentary 👇

#GreenSteel #SteelDecarbonisation #CBAM #ETS #ClimateAction

Europe’s Climate Resolve on Trial: Why the ETS–CBAM Transition Must Stay the Course - SteelWatch

In every major transition, there are actors on both sides. The European Union’s phase-out of free allowances under the Emissions Trading System (ETS) and the parallel introduction of its mirror mechan...

steelwatch.org

SteelWatch @steelwatch.bsky.social · 5d

Now, as some steelmakers push the Commission to delay or “revise” these reforms, Europe faces a critical test of credibility.

Climate regulation, including carbon pricing, is meant to shape long-term investment decisions.

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SteelWatch @steelwatch.bsky.social · 5d

Climate policy isn’t just about ambition, it’s about consistency.
The EU’s plan to phase out free pollution allowances for steelmakers under the Emissions Trading System & replace them with the Carbon Border Adjustment Mechanism (CBAM) was agreed years ago. It’s a gradual shift, but a vital one.

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SteelWatch @steelwatch.bsky.social · 14d

It is essential to call out greenwashing and ensure policymakers hear civil society views on what is truly in the public interest, not just keeping the status quo in place.
#GreenSteel #SteelDecarbonisation #ClimateAction #LESS #GreenIndustry #AutomotiveIndustry

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SteelWatch @steelwatch.bsky.social · 14d

Speaking in Brussels, our Executive Director explained why greenwashing happens & why civil society needs to add further scrutiny to the claims of steelmakers.
📽️Watch the video👇

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SteelWatch @steelwatch.bsky.social · 16d

Iron- & steelmaking often go hand-in-hand, happening in the same place. Speaking in Brussels, our Executive Director explained to an EU audience why decoupling iron- & steelmaking deserves an honest conversation & can secure a cleaner #SteelIndustry & all the downstream industries.
📽️Watch👇

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SteelWatch @steelwatch.bsky.social · 19d

As countries design their own emissions trading systems, EU leadership on carbon pricing will help drive #ClimateAction across the world.
📽️ Video footage source: Euractiv and Low Emission Steel Standard (#LESS)

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SteelWatch @steelwatch.bsky.social · 19d

Speaking in Brussels, SteelWatch Executive Director, @carolineashley.bsky.social, stressed that Europe’s commitment to decarbonising steel is not only vital at home, it also sets the tone for global markets. Watch👇
#GreenSteel #SteelDecarbonisation

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SteelWatch @steelwatch.bsky.social · 20d

🌏 Guarantee that suppliers respect human rights and protect the environment
🧑‍🏭 Commit to good jobs, fair wages, community benefits and responsible environmental practices

👇Join the movement: eko.org/hyundai-drive-change

#ClimateAction #GreenSteel #AutomotiveIndustry #HumanRights

Redirecting...

eko.org

SteelWatch @steelwatch.bsky.social · 20d

#HyundaiDriveChange coalition, of which SteelWatch is a member, is calling on Hyundai to:
🪨 Get dirty coal out of its supply chain
💯 Accelerate progress towards 100% EV sales

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SteelWatch @steelwatch.bsky.social · 21d

In Brussels today, SteelWatch Executive Director, Caroline Ashley, urged the EU not to backtrack on carbon pricing for the #SteelIndustry. “The announced phase-out of free emissions under ETS set clear guidelines for business planning. Wobbling now will deter green investment, now & in future.

SteelWatch @steelwatch.bsky.social · 22d

The Low Emission Steel Standard (LESS) is hosting a high-level event where policymakers, industry leaders, standardisation bodies & civil society will explore how transparent standards can play a key role in creating lead markets for #CleanSteel, drive innovation & ensure trust.
Join: eurac.tv/9Ybo

SteelWatch @steelwatch.bsky.social · 23d

As SteelWatch’s Executive Director, Caroline Ashley, puts it: “What steelmakers do is start with the question of what’s feasible given today’s bottom line & technology constraints. But the real question should be: what’s essential to address climate change & where do we need to take new risks?”

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SteelWatch @steelwatch.bsky.social · 23d

A new Trellis investigation highlights how ArcelorMittal is prioritising shareholder returns over decarbonisation.
#GreenSteel #SteelDecarbonisation #ClimateAction
Read more 👇

ArcelorMittal’s struggle to reach its 2030 climate goals

Like many of its peers, ArcelorMittal, has wrested with economic realities in its decarbonization journey.

trellis.net

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SteelWatch @steelwatch.bsky.social · 23d

SteelWatch Executive Director, @carolineashley.bsky.social, will be joining a panel discussion to explore how the LESS standard can help create lead markets for clean steel & what else needs to be done in Europe to create a decarbonised industry.
👉 Join the event remotely: eurac.tv/9Ybo
#GreenSteel

SteelWatch @steelwatch.bsky.social · 26d

We applaud business leaders who push back on sceptics that dismiss climate change, who argue for urgent action, and indeed take action in their business. In this instance, it’s Andrew Forrest, Executive Chairman of Fortescue, an Australian iron mining company. Watch👇
#GreenSteel #ClimateAction #UNGA

Video: Australian Businessman Challenges Trump on Climate Change

Andrew Forrest, the executive chairman of the mining company Fortescue, invited President Trump to see the damage Australia is experiencing as the planet heats up.

www.nytimes.com

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SteelWatch @steelwatch.bsky.social · 27d

The transformation of the power sector is already well underway, and now steelmaking must harness that clean energy to accelerate its own transition to align with climate goals.

#ClimateAction #Coal #GreenSteel #UNGA

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SteelWatch @steelwatch.bsky.social · 27d

With the steel sector being responsible for 11% of global CO2 emissions, transforming production and eliminating coal isn’t optional, it’s essential.

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SteelWatch @steelwatch.bsky.social · 27d

"It is not increasing, and global greenhouse gas emissions have plateaued and will begin to decrease. That is because clean sources of energy are so much more superior in performance,” Figueres continued.

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SteelWatch @steelwatch.bsky.social · 27d

As Christiana Figueres, the diplomat who led the negotiations for the 2015 Paris Agreement, pointed out in a Fair Planet interview: “The burning of fossil fuels is now on a plateau."

The Power of Optimism: A Conversation with Christiana Figueres | FairPlanet

The architect of the Paris Agreement shares her personal insights on optimism, collaboration and the spiritual foundation that sustains her leadership.

www.fairplanet.org

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SteelWatch @steelwatch.bsky.social · 27d

Solar & wind are now “almost always” the least expensive & the fastest options for new electricity generation, according to a July United Nations report. That report also said the world has passed a “positive tipping point” where those energy sources will only continue to become more widespread.

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