We welcome you to learn about the business opportunities in decarbonizing Turkiye’s iron & steel industry, the drivers and solutions needed in the market and the opportunities in this field for Finnish companies. The webinar is targeted for Finnish companies that have solutions to decarbonize the iron & steel industries and that want to gain understanding about the overall situation and the market opportunities in Turkiye, and for everyone else interested in the subject.
In 2021, the EU announced “Fit for 55 Package” in which the Carbon Border Adjustment Mechanism (CBAM) was introduced. The European Commission aims to use CBAM to prevent carbon leakage, reduce greenhouse gas emissions from third countries, develop green policy practices and provide resources for green transformation in the EU. CBAM will result in charges for import goods coming to the EU by enforcing purchase of CO2 allowances.
In 2021, Turkiye became Europe's largest and the World's 7th largest steel producer. Turkiye’s main export destination in iron and steel industry is the EU with 7.4 mil. tons, which stands for EU’s 31% of total steel exports. In the list of the EU's top 5 steel exporters, Turkiye records the lowest carbon intensity compared to the other four markets: Russia, Ukraine, China and South Korea. Iron & steel industry release is 17.6 mil. ton CO2e and approximately 3.5% of Turkiye’s annual emissions. Studies made for various scenarios indicate that the competitiveness loss may reach up to 10 % for Turkiye’s steel industry due to CBAM. Turkiye envisions to establish its own compliance market, similar to EU’s ETS.
11.00–11.05 Opening of the webinar by Marika Ollaranta, Head of Decarbonizing Industries RRF
11.05–11.15 "Why Turkiye" and introducing the business opportunity by Pelin Gokcek, Senior Advisor
11.15–11.50 Decarbonization of the Iron & Steel Industry of Turkiye by Finnturker
11.50–12.05 Q&A and next steps