{"id":27874,"date":"2023-03-17T12:24:58","date_gmt":"2023-03-17T11:24:58","guid":{"rendered":"https:\/\/reclaimfinance.org\/site\/?p=27874"},"modified":"2023-12-12T16:26:30","modified_gmt":"2023-12-12T15:26:30","slug":"decarbonize-the-steel-sector","status":"publish","type":"post","link":"https:\/\/reclaimfinance.org\/site\/en\/2023\/03\/17\/decarbonize-the-steel-sector\/","title":{"rendered":"Decarbonizing the steel sector"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container has-pattern-background has-mask-background nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\" style=\"--awb-content-alignment:justify;\"><p><span style=\"color: #8ac56b;\"><strong>From buildings, to cars, to domestic appliances and other equipment, steel is a key component of our societies, and will also be essential for the energy transition as it will be needed to build infrastructure and products such as wind turbines, solar panels, and electric vehicles.\u202f\u00a0<\/strong><\/span><\/p>\n<p><span data-contrast=\"auto\">However, the steel sector is the largest industrial emitter of CO2 due to its reliance on coal. Steel decarbonization needs to start now to avoid locking-in emissions from building new coal-based facilities or refurbishing existing ones. Thanks to new technologies, steel can be decarbonized in time to reach net zero by 2050.\u202f<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Financial institutions finally have an opportunity to back their repeated calls for climate action that\u2019s not just focused on fossil fuel supply with action. They must now stop supporting metallurgical coal and the steelmaking process that uses it, and urge clients and investee companies to develop steelmaking capacity based on cleaner technologies.\u202f<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p>\n<\/div><div style=\"text-align:center;\"><a class=\"fusion-button button-flat fusion-button-default-size button-default fusion-button-default button-1 fusion-button-default-span fusion-button-default-type\" target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2023\/03\/Reclaim_Finance_Steel_Decarbonization_2023-1-1.pdf\"><span class=\"fusion-button-text\">Read the briefing<\/span><\/a><\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":26,"featured_media":27873,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[224],"tags":[1226,1312,1934,776,1842,1708,1981,2744,2746,2020,449,2748,1119,1556,2750,2752,1074,1649,1844,540,297,1767,1676,1368,605,2754,2756,1088,1865,2758,2760,1940,416,1251,1742,2762,2764,1651,2766,2768,2770,1560,1080,546,1467,695,1396,967,410,443,679,1749,528,2772,2774,2130,2776,2778,2780,2782,453,766,1825,2784,1016,715,828,2786,402,2094,2036,209,846,844,2788,1097,1534,681,1653,1308,2790,1189,1827,2792,2794,2796,1130,1191,1572,1107,1193,2079,1588,1109,1738,1206,1331,2798,2800,1352,2802,745,2804,2806,1398,2808,1655,2810,1329,1070,778,617,848,797,876,1156,719,768,2011,1834,954,2178,619,1286,1840,559,1570,2812,743,257,1859,1960,850,1086,2814,439,1964,2164,1699,2816,2818,2162,2820,1970,1195,2822,1744,1056,2824,193,1202,1354,211,601,2826,2200,2034,683,2828,570,1373,2830,2832,1042,1185,1481,866,2834,1678,1574,2836,1989,747,2081,1590,2014,1867,872,1846,1115,1789,1176,2838,1791,512,764,1751,868,1293,195,584,310,1218,774,2840,819,445,460,1463,721,1169,2842,1375,2844,2160,1158,1639,1128,1242,2846,441,629,1769,2848,1887,645,1876,1483,238,1299,2850,2852,1962,2854,2856,1461,899,2138,2188,2039,2858,2860,1736,1740,1410,2862,726,2065,1568,1387,1337,770,447,451,2191,782,971,717,2864,1584,1381,854,772,784,2198,685,1657,405,1586,337,482,1538,901,687,1335,1310,1333,610,2866,1805,1105,2868,2870,1701,1121,1249,2872,1024,426,1880,864,2874,1710,487,2876,1976,1659,2878,561,1592,817,1199,312,1197,493,2880,2882,213,1054,940,1521,1580,1209,733,1045,320,1476,2884,697,2886,423,2888,1318,2890,2892,1730,533,2083,1445,1578,2022,2894,2896,1377,1400,2898,489,2174,240,413,1680,1883,1339,2900,1302,1204,1540,2902,2166,549,982,2904,1035,1240,1247,467,2906,2132,2908,1661,2910,1947,2912,1917,1885,1187,2914,2916,1983,2918,1058,729,2134,915,2920,2922,2924,2926,1562,1919,1912,1030,856,852,858,2928,2930,2932,1126,724,2539,201,2096,2934,2936,1663,1829,1765,1848,2938,1836,2940,1594,1807,1154,2942,1799,2024,2944,2946,1174,2948,1893,2950,542,2952,643,952,1938,2954,624,2956,631,2958,1936,1371,465,1076,1838,428,2186,1052,1022,1304,215,2960,2962,2964,2966,2968,1020,689,1084,1753,1258,538,2970,1385,919,2972,495,388,2974,1732,531,1306,244,2976,1383,2176,2978,2980,1028,1498,2982,1910,1500,1295,599,1449,786,1117,1889,1172,269,1454,1178,1734,1914,2098,1026,1253,1921,1451,1831,1821,874,1582,2984,1576],"acteurs_financiers":[2436],"thematique":[2521,2423,2482],"webinar_type":[],"programme":[],"class_list":["post-27874","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-report","tag-1-5c","tag-1-5c-pathway","tag-2030-targets","tag-accord-de-paris-en","tag-acpr-en","tag-actifs-en","tag-actionnaire-en","tag-actionnaires-en","tag-afrique-de-lest-en","tag-ag-en","tag-ag2r-la-mondiale","tag-agence-de-credit-a-lexportation-eca-en","tag-agm","tag-airport","tag-albioma-en","tag-alliances-en","tag-allianz-en","tag-amazonie-en","tag-amf-en","tag-amundi-en","tag-shareholders-general-assembly","tag-annual-letter","tag-aoa-target-setting-protocol","tag-arctic","tag-artic","tag-article-173-en","tag-article-29-en","tag-asia","tag-assemblee-generale-en","tag-assemblee-generale-actionnaires-en","tag-assemblee-generales-en","tag-asset-manager","tag-asset-managers","tag-asset-owner","tag-asset-owner-alliance","tag-assurance-en","tag-assurance-vie-en","tag-assureur-en","tag-assureurs-en","tag-autorite-de-controle-prudentiel-et-de-resolution-acpr-en","tag-autorite-des-marches-financiers-amf-en","tag-aviation-en","tag-aviva","tag-axa-en","tag-axa-im","tag-bank","tag-bank-of-china","tag-bank-of-england","tag-banque-de-france-en","tag-banking-on-climate-change-en","tag-banks-en","tag-banque-en","tag-banque-centrale-europeenne-bce","tag-banque-dangleterre-en","tag-banque-de-france-en-2","tag-banque-postale-en","tag-banque-verte-en","tag-banques-en","tag-banques-centrales-en","tag-banques-francaises-en","tag-barclays-en","tag-benchmark","tag-benefice-en","tag-bilan-en","tag-biodiversite-en","tag-biodiversity","tag-biomass","tag-biomasse-en","tag-blackrock-en","tag-bloomberg","tag-bnp-en","tag-bnp-paribas","tag-bond-market","tag-bonds","tag-bonnafe-en","tag-bp","tag-bpce-en","tag-brazil-en","tag-bresil-en","tag-british-banks","tag-bruno-le-maire-en","tag-bundesbank","tag-cac40-en","tag-cacib-en","tag-canada-en","tag-candidat-en","tag-capital-requirement","tag-carbon","tag-carbon-budget","tag-carbon-capture","tag-carbon-market","tag-carbon-neutral","tag-carbon-neutrality","tag-carbon-storage","tag-carney","tag-central-bank","tag-central-banks","tag-centrale-en","tag-centrales-a-charbon-en","tag-change-finance","tag-changement-climatique-en","tag-charbon-en","tag-charbon-metallurgique-en","tag-charbon-thermique-en","tag-china","tag-chine-en","tag-chubb-en","ta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