This policy brief, Understanding Risks Related to the Decarbonisation of the European Steel Sector, in line with the TRANSrisk project focuses on understanding risks related to the implementation of different decarbonisation options, the relevance of these risks for innovation processes in the steel sector, and ways to reduce and manage them.
Key points for this policy brief are:
- Policy packages for steel industry decarbonisation are well advised to address risks;
- Market power supply dependencies and competitiveness are main matters of concern for steel producers;
- Input supply risks are high for hydrogen-based options of steel decarbonisation;
- Effective management of risks is to work across sectors and governance levels.