All publications about:
greensteel
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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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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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ArcelorMittal, the world’s second-largest steelmaker, is failing in its claim to be a leader on climate change, having spent just one third of the USD1.5 billion figure it pledged to invest in decarbonisation over the past three years, according to a new report from advocacy group SteelWatch.
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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.
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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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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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This report calls for the end of coal in steel production. It shows how coal- based production is driving the huge and dangerous climate emissions…
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A 3 page summary of the report: Sunsetting Coal in Steel Production. It highlights why coal is the problem in steel-making and summarises our call…
