Huge investment needed to make Europe’s heavy industry carbon neutral
Broad strokes set out for an unprecedented policy to make Europe the first climate-neutral continent
28 November 2019 - 16:09
Brussels — European heavy industries such as cement, steel and refining will need huge investment if the continent is to reach a goal of being carbon neutral in three decades, a new report says.
Spending on new technologies, ensuring a supply of clean energy and improving carbon pricing systems are among the measures required to meet the target, said the report, published on Thursday by an EU advisory group. Without them, local industry cannot be competitive against foreign rivals, the expert group on energy-intensive industries said...
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