Continued investment in coal-based steel threatens sector decarbonisation
"The steel sector must increase ambition in the second half of this decade if it stands a chance to meet net-zero goals."
With new planned steelmaking capacity in India and China depending largely on coal-based blast furnaces, steel decarbonisation remains too slow, warns a new report.
The steel industry generated an estimated 11% of global emissions ā largely due to the coal-powered blast furnaces (BF) or basic oxygen furnaces (BOF) used to process iron ore. As such, transitioning to āgreen steelā produced using new low-carbon methods is crucial and urgent to meet the worldās net zero goals.
