Report: Asian Steel Sector Climate Policy Engagement
InfluenceMap's November 2023 briefing assesses the climate policy engagement of major steelmakers in China, India, Japan, and Korea, which collectively contribute to 70% of global steel production. Building on their April 2022 report, the analysis explores steel industry involvement in influencing climate policies such as decarbonization, carbon pricing, emissions trading, and energy transition. The report utilises InfluenceMap's LobbyMap data platform, covering over 500 companies and 250 industry associations globally. The steel sector, responsible for 10% of global energy system CO2 emissions, faces challenges in aligning with the 1.5°C goal of the Paris Agreement. The briefing evaluates the climate policy positions of Asian steel companies, highlighting the Japanese steel sector's active but negative engagement, the Korean sector's involvement with emissions trading, and varied stances in China and India. The report includes a climate policy engagement scorecard and a comparison of positions on steel sector decarbonization pathways among these major Asian steelmakers.
Author: InfluenceMap, November 2023
