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From ‘hard-to-abate’ to net-zero: Policy priorities for decarbonising steel by 2050
This briefing from the Stockholm Environment Institute outlines pathways for the global steel sector to achieve net-zero emissions by 2050. It highlights the necessity of transitioning away from conventional blast furnaces by 2025 to avoid stranded assets and catastrophic climate impacts, emphasizing a mix of hydrogen-based direct reduced iron (HDRI), carbon capture and storage (CCS), and increased recycling. The document stresses the critical role of policy-makers in providing clean energy, creating lead markets, and fostering international cooperation, specifically mentioning the Glasgow Breakthrough on Steel.
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Document type: Briefing