Coal-free Finland
The European steel industry stands at a pivotal crossroads. As one of the most emissions-intensive sectors, responsible for 5% of the EU’s total emissions and over a quarter of industrial emissions, its transformation is essential to achieving the European Union’s ambitious climate goals.
Lue lisää “New report by an NGO network examines the state of the European steel transition”
This article originally published on SteelWatch Insights
Friends of the Earth Finland recently analysed whether companies that buy steel are using their power to encourage decarbonisation of this high-emissions product. Their new Scoreboard shows the companies are doing very little.
For most companies, decarbonising the supply chain (upstream Scope 3) has become the priority area of action, dwarfing their own direct emissions. Steel is an input supplied to a myriad of companies, and is a carbon-intensive product (almost 2 tonnes of CO2 per tonne of steel). So by now we might expect steel buyers to be driving decarbonisation in the steel supply chain. Lue lisää “It’s time companies use their purchasing power to decarbonise the polluting steel industry”
While Finland is gearing up to the national elections (taking place 14.4.) that are finally dominated by climate change, it is important to ensure we do not ignore the developments in the Finnish corporate world right under our noses. The slowly unveiling corporate takeover on Uniper by the Finnish majority state-owned company Fortum is important to follow vigilantly. And, in particular, how Fortum intends to tackle the elephant in the room: Uniper’s enormous emissions. Lue lisää “Fortum’s Annual General Meeting did not signal willingness to close Uniper’s coal plants”