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Has steel sector decarbonisation progressed in 2024?
As 2024 draws to an end, optimism on steel sector decarbonisation can feel in short supply. While impacts of the climate crisis accelerate, emissions are stubbornly high, sector debates are more focused on trade protection than on climate protection, and governments and companies are wobbling on their ambition. But stepping back, it is not all gloom. 2024 may be the year when tipping points were reached, and cracks in the status quo became undeniable.
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German steel producer thyssenkrupp is being urged to not step back from its decarbonisation commitments, with the international climate organisation, SteelWatch calling on it to stay the course on its decarbonisation plans for its Duisberg plant so it, and Europe, is fit for the future of steelmaking.
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Climate campaigners call out hidden motivations of ArcelorMittal
Responding to ArcelorMittal’s announced delay of its steel decarbonisation plans in Europe, climate campaigners have issued a sceptical analysis of the company’s latest move, which is in line with its history of backtracking.
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We urge speed and scale in emissions reduction, challenging the narrative that incremental progress is enough. We shine a light on the gap between what is needed and what is happening.
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Latest Commentary
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As 2024 draws to an end, optimism on steel sector decarbonisation can feel in short supply. While impacts of the climate crisis accelerate, emissions are stubbornly high, sector debates are more focused on trade protection than on climate protection, and governments and companies are wobbling on their ambition. But stepping back, it is not all gloom. 2024 may be the year when tipping points were reached, and cracks in the status quo became undeniable.
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With the Paris Olympics opening ceremony and the display of the low carbon Olympic torch, it's time to evaluate. In the race to sustainable steel, how is ArcelorMittal performing?
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ArcelorMittal claims to be at the ‘forefront of our sector in the net-zero transition’ but looking closer at reality, we see a company stalling and backsliding.
Latest Reports
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With its “Super COURSE50” technology brand, Nippon Steel claims to use hydrogen injection and carbon capture to reduce climate-harming emissions from its steel plants.
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World number four steel producer, Nippon Steel, is failing to meet international standards and falling behind its competitors on climate action, due to its focus on coal-based steelmaking.
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ArcelorMittal does not live up to its own shiny claims of climate leadership because it is not on track to deliver the transformation needed to limit climate change to 1.5C, it is backtracking on its own stated commitments, and prioritising shareholders over decarbonisation in its financial decisions.
