1. Home
  2. Thought Leadership
  3. How can we decarbonise the…

How can we decarbonise the steel sector? - BNP Paribas Asset Management

"If we are to avoid dangerous climate change, we need to tackle emissions from the steel industry." writes Julien Bouyssou, ESG research analyst at BNP Paribas Asset Management.

Posted on Oct 04, 2021

Only members with restricted access (ie. academics, asset owners, government and regulatory, independent advisers/trustees and sponsoring employers) can view this article. Please login or join to view.

...
... In 2020, the world produced 1 864 million tonnes of steel. This, combined with an energy-intensive production process, means the steel industry is responsible for a great deal of greenhouse gas emissions, more so than for example producing chemicals or cement.

According to the International Energy Agency, steel accounts for 8% of global final energy use and 7% of global energy-related CO2 emissions. Thus, it’s particularly important to address the issues in this sector if we are to reach net-zero emissions globally and avoid dangerous climate change.

Learn more here