This report provides the following suggestions to fix the The Korea Emission Trading Scheme (K-ETS): (1) Adjustment of emissions cap in accordance with the enhanced 2030 NDC, (2) Substantial increase of auctioning in light of the EU CBAM, (3) Price floors to safeguard the incentives for emissions reduction, (4) Implementation of coal generation cap or a single benchmark for coal and LNG in order to facilitate reductions in the power sector, (5) Fundamental change to calculation of the total emissions cap.

There is no argument about what the mission is - we need to cut emissions significantly and reach net-zero by 2050. Additionally, there needs to be a stop to investors engaging with carbon intensive technology and assets. The report "Net-Zero Steel: Sector Transition Strategy", by the Mission Possible Partnership, details a net-zero transition strategy that is backed by science and the industry itself. This strategy identifies exactly what needs to happen before 2050, to limit the rise in global temperatures to 1.5°C

Author: Mission Possible Partnership, 2022

SteelZero announced the policy principles required to be implemented by governments to aid in accelerating the global transition to net zero steel. These outlined principles will also provide business with the required information to advocate for the critical changes that are needed in all areas steel.

Author: Climate Group, 2022

In order to align India’s steel and cement industrial sectors with the low-carbon pathways, both public policy and financial support are required for immediate action. These industries are two of India’s largest CO20-emitting sectors and must be attended to. “The Path to Decarbonizing India’s Steel and Cement Industry” blog post acknowledges that there needs to be the right mix of solutions brought into play, including receiving local and international support, change in public policy and technological advances.

Author: Yash Kashyap, Climate Policy Initiative, 2021

With the decisive decade upon us, there is an increasing pressure for installing greener approaches in the industrial sectors. McKinsey & Company discuss 'the way forward' for the construction sector in achieving net-zero steel.

Author: McKinsey & Company, 2022

So we understand that net-zero is critical in the built environment space, but how do we actually achieve this? Nature’s article identifies the core nine priorities that could take steel and cement closer to being carbon neutral.

Author: Nature, 2022

The government’s procurement activities, regardless of their level, are in some way accountable for 15% of greenhouse gas emissions. According to the Green Public Procurement: Catalysing the Net-Zero Economy (by the World Economic Forum), if these emissions were subsided it would result in approximately $4 trillion boost in the green economy. Read further to know about the advantages and disadvantages of green procurement, as well as gaining a sense of direction on how these activities can achieve the overall goal of net-zero.

Author: World Economic Forum, 2022

Japan announced its carbon neutrality goal by 2050, but plans to actually get there are lacking. As industry sectors account for 37% of Japan’s greenhouse gas (GHG) emissions, and iron and steel are important materials widely used by a multitude of industries, "Towards Carbon Neutral Steel in Japan" learns from the latest trends in the European Union to stimulate proactive discussion and contribute to Japan’s policy decision making.

Author: Renewable Energy Institute, 2021

Presentation on the Opportunities and Challenges for the Steel Industry to become carbon neutral by 2050.

Hosted by KIM Sung-Hwan (National Assembly Member), Solutions for Our Climate. Supported by European Union

Leadit report “From ‘Hard-to-Abate’ to Net-Zero: Policy Priorities for Decarbonizing Steel by 2050” draws on the best available data, to stress the urgency required to initiate the sector’s transition. There is no debate that rapid action is needed to prevent new blast furnaces from being added, as well as existing ones from being relined - all by 2025.

Author: Leadit, 2021

The steel sector, as well as the world, have been given the challenge that emissions from steel production must be reduced to net zero by 2050. However Matthew-Wenban Smith at Chatham House’s Sustainability Accelerator argues that there very well may be a better benchmark mechanism for the sector.

Author: Matthew-Wenban Smith, 2021

In order to achieve the 1.5°C pathway, all sectors must keep in line and there can be no outliers - the steel sector is no exception to this. Steel decarbonisation has to occur rapidly, including a combined effort from national and international levels to underpin the shift in policy and the sector as a whole. Written by E3G in partnership with Pacific Northwest National Laboratory, "1.5C Steel: decarbonising the steel sector in Paris-compatible pathways" examines those challenges at global and regional levels, by unpacking the implications for the steel decarbonisation transformation pathway.

Author: E3G & Pacific Northwest National Laboratory, 2021

How do we actually achieve net-zero across these different sectors? The Stockholm Environment Institute collaborates with sustainability experts to decipher exactly what is required from these sectors to reach the net zero transitions. They also dive into the idea of “active engagement”, explaining the importance of such interactions from investors and what they need to know to have economic impact on these high-emitting sectors.

Author: Stockholm Environment Institute, 2021

Most of steel is currently produced in blast furnaces and if it weren't for this technology, steel mass production would never have been possible in the first place. However, if we face 10 more years of inaction, steel consumes 12% of the remaining 1.5°C carbon budget. "Phasing out the blast furnace to meet global climate targets" paper identifies that there is a greater opportunity to reduce emissions than first noted. It all comes down to equipment-level analyses that are conducted and ensuring that reinvestments aren’t supporting coal-based blast furnaces. This opportunity and approach can also be applied to other industries that prove to be emission-intensive.

Author: Valentin Vogl, Olle Olsson & Björn Nykvist, 2021

The International Energy Agency (IEA) has released a special report that identifies to policy makers the cruciality of what needs to be done for the global energy sector to reach the goal of net-zero emissions by 2050. It is clear that with the energy sector being the core source of greenhouse gas emissions, that all governments need to strengthen together and implement policies that support this transition.

Author: IEA, 2021

The New Yorker's contributing writer Matthew Hutson has identified a new manufacturing technique that may lead to radically reducing the greenhouse-gas emissions of one the modern world’s most used materials. You guessed it, we are talking about steel. In "The Promise of Carbon-Neutral Steel" article, Matthew Hutson tells you more about this technology, and how it could be deployed on a large scale to guide the future towards a clean steel industry.

Author: Matthew Hutson, The New Yorker, 2021

Are European steel companies ready for the climate transition? Industry Tracker set out to answer this through its report "Steeling for net zero". By focusing on 10 of the largest primary steel producing companies in Europe, they have provided an in-depth assessment on just how well positioned each are to initiate transition plans to net-zero. Check out the report to know the final ranking of each company!

Author: Industry Tracker, 2021

This report, part of the China Energy and Climate Program at Columbia University’s Center on Global Energy Policy, assesses how China’s high-emitting industries have responded to the 30-60 targets and the accompanying elevation of climate within national policy priorities. It focuses on corporate and sectoral emissions reduction targets through June 2021 among 30 major firms in three of China’s largest sources of direct emissions: coal power generation, cement, and steel.

Author: Edmund Downie, 2021

With 2030 approaching, all investments in the steel sector must align with the net-zero goal. This means that investors should be making these decisions now due to lifespan of steel assets. Material Economics' provides investors with recommendations on how to become involved in the commercialisation of low-CO₂ steel technologies.

Author: Material Economics, 2021

In a worldsteel’s steelBlog post “What we mean when we talk about low-carbon steel”, Andrew Purvis and Nicholas Walters provide clarity on the common terminology used in the steel decarbonisation space. Their discussion defines and draws the line between green steel, net-zero steel, zero-carbon steel and low-carbon steel.

Author: Andrew Purvis & Nicholas Walters, World Steel Association, 2021