How Is KR 5.1 Tracking?
Our Steel key result targets the single largest industrial source of emissions, at 4 gigatons.
It calls for the world’s steel companies to develop practices and technologies to reduce the use of fossil fuels in production.
Emissions-free steel must meet three criteria. First, the furnace must be powered by a zero-emissions source.
Second, the iron going into the furnace must either be produced without fossil fuels or replaced with scrap steel.
Finally, the heating step before rolling needs to be conducted with green hydrogen or another clean source.
Data for KR 5.1 is sourced from the World Steel Association, which updates its report on the carbon intensity of steel production annually.