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Environmental and Socio-Economic Impacts of the Circular Economy Transition in the EU Steel Sector

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"The EU steel sector can reduce greenhouse gas emissions by 64-81 Mt CO2-eq. annually by 2050 through circular economy (CE) measures. CE can also significantly decrease EU demand for ores and energy demand, leading to a €7 billion annual increase in the EU net trade balance with significant imports reduction from China, US, UK, and Russia. However, this may come with trade-offs such as reduced employment and gross value added, which need to be further studied. The study's findings are policy-relevant, highlighting the need for a holistic approach and policy mix to materialise CE potential and informing EU policy-makers on strategies to support the steel sector's sustainable transition."

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  • Wagner Aymara & Walker Anna & Albizzati Paola Federica & Milios Leonidas & Besler Malte & Pedauga Luis & Rostek Leon & Keramidas Kimon & Pinero Mira Pablo & Christis Maarten & Fonteyn Pieter & Petsina, 2025. "Environmental and Socio-Economic Impacts of the Circular Economy Transition in the EU Steel Sector," JRC Research Reports JRC142957, Joint Research Centre.
    • Handle: RePEc:ipt:iptwpa:jrc142957
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