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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.
Slide presentation from the SteelWatch launch and findings from the debut report "Sunsetting Coal in Steel Production". Presented on July 11, 2023 in an online…
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.