Steel production accounts for roughly 7 percent of global greenhouse gas emissions and is on track to consume 25 percent of the total remaining 1.5°C carbon budget by 2050.
As part of the Horizon Zero project, the Climate Intelligence Program has released the Steel Emissions Reporting Guidance to help producers calculate their total steel supply chain emissions. Steel industry players can use the draft guidance to create and meet demand for low-emissions steel such as production with green hydrogen, and to differentiate emissions reductions from ore and scrap-based production.
We are seeking comments on the Steel Emissions Reporting Guidance from key stakeholders through October 28th, 2022. Please submit feedback here or reach out to Lachlan Wright for more information.