2022
DOI: 10.1038/s41558-022-01383-9
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A climate club to decarbonize the global steel industry

Abstract: A climate club to decarbonize the global steel industryDecarbonizing global steel production requires a fundamental transformation. A sectoral climate club, which goes beyond tariffs and involves deep transnational cooperation, can facilitate this transformation by addressing technical, economic and political uncertainties.

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Cited by 39 publications
(10 citation statements)
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“…Scaling costs to the relevant analysis year can be achieved via Equation (7). To obtain cost estimates at plant scale Equation ( 7) is used.…”
Section: Economicsmentioning
confidence: 99%
See 1 more Smart Citation
“…Scaling costs to the relevant analysis year can be achieved via Equation (7). To obtain cost estimates at plant scale Equation ( 7) is used.…”
Section: Economicsmentioning
confidence: 99%
“…5 Further minimizing CO2 emissions of the steel industry has attracted significant interest over the years and numerous companies -accounting for 17% of the global steel production -have adopted net-zero-emission targets. 7 While technology upgrades and improvements in heat recovery can reduce CO2 emissions, 8 these reductions become more incremental as technology matures. Carbon capture at steel facilities has proven to be challenging due to the high concentrations of carbon monoxide (CO), nitrogen (N2), and steam in the flue gases, as well as the unsteady nature of furnace off-gases (i.e.…”
Section: Introductionmentioning
confidence: 99%
“…This was the most significant effort to date to provide a coordinating platform for many of the already listed initiatives. Following this, there have been several advancements including Germany seeking to form a "climate club" for countries with more industrial decarbonization ambition (Agora [1,12]).…”
Section: Policy Implicationsmentioning
confidence: 99%
“…As Hermwille, et al point out, the club offers opportunities for technical cooperation and new public-private partnerships on the decarbonisation of certain key sectors. 44 The club could thus aim to influence demand, similar to the Clean Energy Ministerial's Industrial Deep Decarbonisation Initiative led by the UN Industrial Development Organization ('UNIDO'). 45 The objective is to strengthen publicprivate sector partnerships on industrial decarbonisation.…”
Section: Thinking Of Border Carbon Adjustments As a Steppingstone To ...mentioning
confidence: 99%