Our Steel key result targets the single largest source of industrial emissions, at nearly 4 gigatons.
It calls upon the world’s steel companies to develop practices and technologies to reduce the use of fossil fuels in production.
For emissions-free steel, we need to address three parts of the process. First, the iron-making furnace must be powered by green hydrogen or some other zero-emissions source. Second, a greater proportion of scrap needs to be used in manufacturing crude steel. Finally, remaining emissions need to be captured at the point of production.
By and large, low-emissions steel today is prohibitively expensive. Even so, a few small clean plants are opening in Europe, thanks to automakers and other customers willing to pay a premium for greener materials. To lower costs and make cleaner steel the standard, we need more first-mover purchasers.