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Europe’s Green Steel Ambitions Falter as Energy Costs Take Toll

Summary by Financial Times
Industry leaders warn climate targets are at risk without more state support and protection from cheaper imports

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Environment and Climate Protection Minister Carsten Schneider (SPD) has defended the German government's Green Steel Strategy. "Without green steel, we will fail to achieve our climate goals," Schneider told the news portal T-Online. Schneider also emphasized the economic benefits of climate-neutrally produced steel. "We also need green steel to secure our country's economic performance. Therefore, we will have to strengthen demand for our green…

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The green nightmare continues. One extremely expensive castle in the air after another collapses in the face of reality. Now it is the Danish Green Hydrogen Systems that has filed for bankruptcy. And everyone is waiting for the Swedish illusion of producing "green steel" to hit the wall. Green Hydrogen Systems, one of Denmark's most high-profile hydrogen companies, has filed for bankruptcy after failing to secure new capital. The company is deve…

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Evening Standard broke the news in London, United Kingdom on Wednesday, June 25, 2025.
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