Our projects
Decarbonising the steel sector in Asia
The steel sector is one of the most energy intensive and polluting sectors in the world. With demand for steel growing, the industry must find a way to produce the steel the world needs without further damaging the climate. Being the world’s largest steelmaking region, Asia is a critical geography and is well-positioned to lead the green steel transition.
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Why is it important?
10%
Global steel production is responsible for almost 10 per cent of climate pollution
30%
Demand for steel is expected to grow 30 per cent by 2050
50%
To stay within safe climate limits, the steel industry must cut emissions by at least 50 per cent by 2050
70%
Asia produces 70 per cent of the world’s steel
The Challenges
- Currently, the most common method of steel production produces twice the volume of carbon emissions than steel itself due to the huge amounts of coal used during production.
- Global demand for steel is not going anywhere. In fact, it is growing. This is being driven by Asia, Africa and the Middle East. Nearly all (90 per cent) of steel is manufactured in just ten countries.
- The technology to produce steel without coal exists, but it’s not yet commercially viable at scale. Green hydrogen-based production and other breakthrough technologies require massive infrastructure investment and supportive policies to compete with traditional methods.
Our work in India and Indonesia
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