![]() ![]() “The Steel Emissions Reporting Guidance highlights a critically important difference in emissions from ore-based and scrap-based manufacturing, which account for 93 percent and 7 percent of steel industry emissions respectively. Using zero-emissions electricity - Incorporating renewables in manufacturing processes will further reduce scrap-based emissions due to the large and increasing portion of this material that is processed in electric-arc furnaces.This will be reflected in the ore-based supply chain segment’s emissions reporting, helping to differentiate sustainable steel manufacturers’ products. Deploying low-emissions ore processing technology - Incorporating low-emissions technologies such as green hydrogen-based reduction will result in measurable emissions reductions.Increasing scrap - Steelmakers can demonstrate support for recycling by reporting on the recycled content of their products to the extent possible given the global scrap supply.Steel product-level emissions reporting allows purchasers, investors, and other stakeholders to understand the decarbonization strategies they can collaboratively use to reduce steel sector climate impacts: ![]() The emissions reduction accounting guidance is a foundational element of RMI’s Horizon Zero project, accelerating the decarbonization of supply chains by making it possible to understand the GHG emissions impact of what companies are buying and selling. The emissions reduction accounting guidance is a foundational element of RMI’s Horizon Zero project, accelerating the decarbonization of supply chains by making it possible to understand the GHG emissions impact of what companies are buying and selling. Its emissions would rank the third highest in the world. The steel industry accounts for 7 percent of global greenhouse gases (GHG), if it were a country, its emissions would rank the third highest in the world. ![]() Product-level guidance for steel emissions is essential for removing the confusion and complexity that has stalled decarbonization of this high-emitting industrial material. The guidance has been developed through a collaboration between RMI and the World Business Council for Sustainable Development (WBCSD). RMI’s Climate Intelligence has released guidance for steel companies to report and reduce the greenhouse gas emissions impact of their products, giving them a competitive advantage as the preferred suppliers to corporations with ambitious climate targets. RMI reveals product-level carbon accounting guidance, giving corporations and steel companies the power to accelerate decarbonization of a sector contributing ~7 percent of global greenhouse gases. ![]()
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