A combination of policies could drive the transition to “clean steel” – cutting emissions from a hard-to-decarbonise industry, new research shows.
A combination of policies could drive the transition to “clean steel” – cutting emissions from a hard-to-decarbonise industry, new research shows.
Steel production currently produces about 7 % of global carbon dioxide emissions, and at present almost all primary steel production is done by polluting methods.
The new report assesses four policy options – carbon pricing, restrictions on the construction of new blast furnaces, subsidies and public procurement, and mandates – for their ability to boost deployment of technologies with “near-zero” emissions.
The analysis finds that carbon pricing, a policy option implemented or planned by many governments, is most likely to drive a shift towards the recycling of scrap steel – but not to enable the deployment of clean technologies for primary steel production. Restrictions on the construction of new blast furnaces would be likely to have a similar effect.
Read More: University of Exeter
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