US EditionEurope Wants Green Steel but Can’t Afford It
18 Articles
18 Articles
Europe Wants Green Steel but Can’t Afford It
The European Union has pledged billions in rearmament spending. It also just pledged billions in higher NATO spending. Steel is a crucial part of the rearmament drive. Without it, you can’t build tanks and make weapons. But Europe does not just want any steel—it wants it green. And green steel is so expensive, companies are walking away from green steel projects in droves. This week saw one of the world’s largest steelmakers, ArcelorMittal, ditc…
Moscow's pressure on NATO is rising, so Germany also wants to spend more money on its military. However, a bureaucratic thicket and complex rules have been a brake on the purchase of weapons so far.
Moscow's pressure on NATO is rising, so Germany also wants to spend more money on its military. However, a bureaucratic thicket and complex rules have been a brake on the purchase of weapons so far.
Germany is planning record expenditures for the Bundeswehr. However, the purchase of new arms often takes too long. A new law is to change this.
Putin recently expressed readiness for a "final phase of negotiations" with Zelensky. Shortly thereafter, NATO adopted the five percent target, and Merz warned Russia against an attack. Now the German government wants to adjust national procurement rules to supply the Bundeswehr with weapons and other military equipment more quickly.
Germany passes law to speed up arms procurement, exempts military spending from borrowing limits, and increases defense investment due to the threat from Russia.
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