Expert warns the world against decarbonization through deindustrialization shutterstock

Expert warns the world against decarbonization through deindustrialization

Hanna Velyka

He believes that this dangerous trend should be changed as soon as possible

The world is showing a dangerous trend of achieving decarbonization goals through deindustrialization.

This conclusion was made by Adolfo Aiello, Deputy Director General of EUROFER for Climate and Energy.

He analyzed:

  • the Carbone 4 report, which provides detailed figures on trade-related CO2 emissions;
  • the report of the European Commission on the functioning of the EU carbon market in 2023-2024;
  • publicly available data from the European Association of Steel Producers (EUROFER), Cefic and CEMBUREAU on production in 2023 compared to 2022, representing more than 70% of the manufacturing sectors within the ETS.

He noted a drop in production in the following industries:

  • steel production – by 7.5%. Adolfo Aiello noted that he recorded the lowest level of production in history;
  • chemical industry – by 8%;
  • cement – by 6.3%.

He also provided data on the countries that have become leaders in terms of imported CO2 emissions to the EU, and the distribution of these emissions by sector:

The top 5 countries are as follows:

  1. China – 346 Mt CO2 eq.
  2. Russia – 262 Mt CO2 eq.
  3. USA – 76 Mt CO2 eq.
  4. India – 70 Mt CO2 eq.
  5. Brazil – 48 Mt CO2 eq.

The rest of the countries account for 961 Mt CO2 eq. emissions of greenhouse gases.

By sector, the rating looks like this:

  1. Energy production – 431 Mt CO2 eq.
  2. Extraction of minerals – 327 Mt CO2 eq.
  3. Agriculture – 314 Mt CO2 eq.
  4. Metallurgy – 142 Mt CO2 eq.
  5. Chemical industry – 117 Mt CO2 eq.

Other industries create a total of 427 Mt CO2 eq. emissions of greenhouse gases.

In total, 1,762 Mt of CO2 equiv was delivered to the European Union. emissions of greenhouse gases.

Previously, EcoPolitic published an expert's opinion about what it could be the role of Ukraine in the green transformation of the EU.

Related
The Decarbonization Fund: how it works, where it gets money, who it gives loans to, and what it does so for
The Decarbonization Fund: how it works, where it gets money, who it gives loans to, and what it does so for

Currently, 7 projects have already received funds, another 21 are under consideration

Ukraine and the US launch 3 new projects aimed at decarbonization
Ukraine and the US launch 3 new projects aimed at decarbonization

According to People's Deputy Olena Kryvoruchkina, their total funding will amount to $30 million

€4.8 billion of revenues from the sale of EU quotas will be directed to net-zero projects
€4.8 billion of revenues from the sale of EU quotas will be directed to net-zero projects

This will help bring advanced clean technologies to life across Europe

Decarbonization Fund starts accepting funding applications
Decarbonization Fund starts accepting funding applications

The institution actually started working only half a year after the official launch