Carbon costs for the steel sector in Europe post-2020

Impact assessment of the proposed ETS revision

Published: 26/11/2015

In July 2015, the European Commission (EC) launched its proposal for a revised European Emissions Trading System (EU ETS) for the period after 2020. The resulting carbon costs to energy-intensive sectors, like the steel sector, are still poorly understood. As the carbon costs impact the competitiveness, the European steel sector is interested to get a better quantification of the carbon cost impact in the period 2021-2030.

Commissioned by Eurofer, Ecofys developed the Ecofys EU ETS Carbon Cost Calculator (E3C3) to assess future carbon costs under different scenarios. An important design criteria was to have all sources and assumptions as transparent as possible. With this model Ecofys provides the first transparent impact assessment of EU Commission proposal for ETS revision post-2020.