With a decreasing trend

The EU Emissions Trading System is the main policy tool for managing the reduction of greenhouse gas emissions from electricity generation and industrial installations in Europe. The iron and steel industry is the industrial sector with the highest absolute CO₂ emissions. The sector plays an important role in value creation and employment in the EU-28 and induces significant intra-EU and international trade. In its report "Development of the iron and steelmaking sector under the EU ETS", the Oeko-Institut examined the sector on behalf of the German Environment Agency.