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Commercial opportunity : Energy Transition Commission urges businesses to drive demand for low carbon steel

Commercial opportunity : Energy Transition Commission urges businesses to drive demand for low carbon steel Share Major report from industry group argues that steel buyers can play catalysing role in accelerating growth of green steel market Automotive, energy, construction, and white goods companies can reap a number of commercial benefits if they team up to become the first large scale purchasers of low-carbon steel. That is the central conclusion of a report published yesterday by the Energy Transitions Commission, which argues that steel buyers from various sectors of the economy have a major opportunity to accelerate the decarbonisation of the emissions-intensive steel industry by sending demand signals that can drive the development of a net zero emission primary steel market.

This is how the steel industry is forging a path to net-zero | Hellenic Shipping News Worldwide

This is how the steel industry is forging a path to net-zero The modern world is built from steel – 1.8 gigatons (Gt) were produced last year, 90% of all metal produced globally. From wind turbines to electric vehicles, steel will be an integral enabler of the energy transition. But steel production is a major source of greenhouse gas (GHG) emissions. Most steel is still made using coal to reduce iron ore, a process that emits roughly two metric tons of CO2 per ton of steel. The industry accounts for 7% of global GHG emissions from the energy system – equal to global aviation, shipping and chemicals emissions combined.

RMI Convenes Six Global Banks to Decarbonize Steel

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