Waste gases from steel ‘worse for the climate than coal’

Emissions from the steel industry are worse for the climate than coal, according to international NGO Carbon Market Watch.

The NGO said that “handout of free pollution permits under the EU Emissions Trading System (ETS) has allowed the steel sector to profit from its pollution to the tune of over €8 billion (2008-2015)”. It said ArcelorMittal reported in its own annual reports that it “made over €500 million from having received too many free pollution permits and selling the excess for a profit on the market”.

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