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Investors lay out expectations for steel sector to reach net-zero emissions
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Investors seek to accelerate decarbonisation in steel industry
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Corporates warned over net zero accountability
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Calls for short-term targets in line with IEA report Also says need to demonstrate emerging technology works
LONDON, Aug 4 (Reuters) - Steelmakers need to take urgent
action on producing less carbon in order to meet the Paris
Agreement on climate change, investors managing $55 trillion in
assets said on Wednesday.
Emissions from steel production account for 9% of the global
total and must fall 29% by 2030 and 91% by 2050 to meet the net
zero scenario laid out by the International Energy Agency in
May, the Institutional Investors Group on Climate Change said.
The IIGCC, as part of the Climate Action 100+ initiative,
said in a statement that while it was technically feasible to
Calls for short-term targets in line with IEA report
Also says need to demonstrate emerging technology works
LONDON, Aug 4 (Reuters) - Steelmakers need to take urgent action on producing less carbon in order to meet the Paris Agreement on climate change, investors managing $55 trillion in assets said on Wednesday.
Emissions from steel production account for 9% of the global total and must fall 29% by 2030 and 91% by 2050 to meet the net zero scenario laid out by the International Energy Agency in May, the Institutional Investors Group on Climate Change said.
The IIGCC, as part of the Climate Action 100+ initiative, said in a statement that while it was technically feasible to reach net zero greenhouse gas emissions by mid-century, the steel industry was being too slow to act.