Steelmaker SSAB (SSABa.ST) is spending €6 billion to upgrade its operations, switching from coal to low-carbon hydrogen in a bet that European Union policies would reward lower-emission production and help it outcompete more polluting rivals.
But the Swedish company is among a group of industrial companies concerned that an EU proposal to overhaul the emissions trading system, Europe’s main policy for reducing the CO2 emissions heating the planet, will weaken
