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illuminem summarises for you the essential news of the day. Read the full piece on POLITICO or enjoy below:
🗞️ Driving the news: France has linked its support for the European Union’s proposed 90% emissions reduction target by 2040 to stronger protections for its steel industry
• In a policy paper circulated ahead of the September 29 meeting of EU competitiveness ministers, Paris called for reinforced trade safeguards, revisions to the bloc’s carbon border levy, and increased public financing to support industrial decarbonisation
🔭 The context: The EU’s climate ambitions for 2040 are under negotiation as member states weigh the economic implications of deeper emissions cuts
• France, home to a significant steel and heavy industry base, is pressing for a policy framework that balances climate goals with industrial resilience
• Key tools already in place — such as the Carbon Border Adjustment Mechanism (CBAM) — are seen as needing revision to better shield European manufacturers from unfair competition and carbon leakage.
🌍 Why it matters for the planet: The steel industry is among Europe’s most carbon-intensive sectors and critical to decarbonisation at scale
• France’s demands highlight the challenge of aligning industrial competitiveness with climate ambition
• Without adequate transition support, emissions-heavy sectors risk becoming political flashpoints that could stall progress on EU-wide climate targets
⏭️ What's next: EU competitiveness ministers will meet on September 29 to debate the role of industrial policy in the 2040 climate framework, ahead of a broader discussion by EU leaders next month
• France is expected to push for greater flexibility in climate policy design, alongside new tools to finance decarbonisation and trigger safeguards if competitiveness is threatened
• The final 2040 climate package must reconcile diverse national interests while keeping the EU on track toward net-zero by 2050
💬 One quote: “The adoption of such a goal cannot be separated from the adoption of the European industrial policy measures necessary to preserve and transform these sectors.” – French government policy paper
📈 One stat: The EU’s steel industry accounts for roughly 5% of the bloc’s total CO₂ emissions, underscoring its strategic importance in any 2040 emissions pathway
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