EU alters ‘overly ideological’ decarbonisation course
The EU has recognised its initial decarbonisation policy was “overly ideological” and must change course to ensure its industrial base endures. However, it should not succumb to excessive protectionism. This was the conclusion of a dialogue between Antonio Marcegaglia and Franco Bernabè at Made in Steel in Milan on Wednesday.
Bernabè, who is president of the University of Trento and former chairman of Acciaierie d’Italia, said making predictions is becoming difficult in an increasingly unstable world. Donald Trump’s tariffs mean uncertain and often harmful consequences for the global economy.
“Yet, this instability could also serve as an opportunity for Europe, which possesses untapped resources and expertise, including an industrial heritage that can be revitalised with a renewed strategic vision,” Bernabè noted at the event organised by Siderweb.
“Europe has recognised the need to change course. Its initial approach to ecological transition was overly ideological and failed to grasp the complexity of the transformation required. Nevertheless, a major obstacle remains: bureaucracy. An ever-expanding web of laws and regulations continues to stifle entrepreneurial activity,” he added during the event monitored by Kallanish.
Marcegaglia meanwhile said European steel sector challenges stem from “a bureaucratic, overly ideological approach to decarbonisation – an essential but complex goal. Without a strategic course correction, Europe faces the very real risk of a significant decline in its production capacity.”
He called for “greater regulatory clarity and more efficient governance capable of delivering effective industrial policy. Europe must embrace a strategic vision without succumbing to the temptation of excessive protectionism – otherwise, we will seriously undermine the competitiveness of our industry.”
Adam Smith Poland
