The European Commission is to provide funding to help greenhouse-gas-producing industries - notably steelmakers â€“ find ways to reduce their emissions
The European Commission is to provide funding to help greenhouse-gas-producing industries - notably steelmakers â€“ find ways to reduce their emissions.
The aim is to help these sectors compete internationally with rivals from jurisdictions with laxer carbon regulations than the EU.
Brussels is urging the sector to come forward with their initial research and development proposals â€“ which, if approved, would be 75% funded by the EU. The commission has up to E2.8 million to spend on three projects at this point and companies have until August 30 to apply.
Further calls for proposals will be made over the next decade â€“ with the aim of financing projects until 2020. The commission wants to head off the problems facing carbon-intensive companies after the EU emissions trading regime becomes stricter from January 2013.
'We need to tackle the problem of climate change, but we cannot renounce industrial production in Europe,' EU industry commissioner Antonio Tajani said. 'Therefore, our initiative intends to help industry to adapt and modernize, becoming more energy efficient and competitive on the global markets and to keep employment in the EU.'
Funded projects will be sector-specific and involve the development of technology and good practice to reduce emissions; they will be run by industrial consortia.