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Chinese dumping steel under fire

It has been a long time since the stage in the press room of the EU Commission in Brussels was so full and so high-calibre: six EU Commissioners and Commission President Ursula von der Leyen jointly presented the “Fit for 55” climate package on Wednesday. But there is also a lot at stake. The package of energy and climate laws aims to achieve the EU climate targets of 2030 (minus 55 percent emissions compared to 1990) and 2050 (climate neutrality). The package of twelve legislative initiatives also includes the reform of the EU Emissions Trading Scheme (ETS) with an extension to shipping and the establishment of a CO2 border adjustment. The latter in particular could still cause resentment in international trade.

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