Overview of publications in section:
Commentary
Showing 1–12 of 13:
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Nippon Steel was offering a bad deal for the climate. Now that deal has sunk, it’s time for the world’s fourth largest steel maker to…
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A key missing driver for green steel in Japan are signals from steel buyers that they are willing to pay more for low-emissions steel. As a major steel buyer, the Japanese government could help drive market formation and encourage investment in low-emissions steelmaking technologies through green purchasing.
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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.
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Four prominent steel companies have announced plans to reline blast furnaces, which are used to produce coal-based steel, that will lock in CO2 emissions of almost 500 Mt. SteelWatch and Solutions forOur Climate (SFOC) shed light on the alarming investments made by steel companies in coal-based steel production, driving millions of additional tonnes of emissions and running counter to their nations’ climate pledges. The commentary underscores the pressing necessity for transitioning to greener alternatives and intensifying climate scrutiny in investment choices to steer clear of coal-based steel production. It also underscores the implications for these companies’ competitiveness and the planet’s stability.
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SteelWatch director Caroline Ashley challenges the complacency and greenwashing we hear from steel companies about decarbonisation. She sets out the urgency we need for any hope of Paris alignment and introduces SteelWatch.
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With the weak yen increasing profits from sales abroad, Japanese automobile companies are expected to perform well this financial year. Toyota, Honda, and Suzuki are likely to report their highest profits in years come March. However, an economist warns that Toyota’s current business model hinges on 'residual profit.' Moreover, the latest international auto makers’ evaluation rates Japanese companies against their intentional rivals and showing how they lag.
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Description: This commentary is elaborated based on the article published in Japanese on 9 January, 2024. Nippon Steel Corporation’s acquisition of US Steel in the final…
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Friends of the Earth Finland recently analysed whether companies that buy steel are using their power to encourage decarbonisation of this high-emissions product. Their new Scoreboard shows the companies are doing very little.
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It is exciting to launch SteelWatch. But why SteelWatch? Why do we exist? The reasons for SteelWatch to exist are worrisome, galvanising, and among the best-hidden secrets in the climate change space.
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While there is emerging consensus on the fossil free steel sector of 2050, there is much debate and disagreement on the transition to get there. Expert Chris Bataille shares his wisdom.
