Full Title: Green Steel Production: How G7 Countries can Help Change the Global Landscape
Author(s): Timo Gerres, Johanna Lehne, Gökce Mete, Suzanne Schenk, Caitlin Swalec
Publisher(s): Leadership Group for Industry Transition (LeadIT)
Publication Date: June 10, 2021
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From bridges to buildings, cars to kitchenware, steel plays an important role in our daily lives. Steelmaking is highly emission-intensive and the nearly 2 billion tonnes of steel produced every year generate around 8% of global CO2 emissions. But current process technologies are not in sync with the Paris Agreement’s commitments and objectives. Process emissions must fall by at least 30% by 2030 to bring the sector in line with a 2050 net-zero trajectory. This brief examines the concept of green steel production and discusses what the G7 can do to help decarbonize the steel sector.