This is the decade of change for steel and cement, which as the two largest industrial emitters globally are crucial to the net- zero transition. Steel and cement are pivotal to meeting the Paris Agreement objectives but while fuel substitution can help address emissions from steelmaking, it cannot fully address those from cement.
This paper, prepared for the G20 Sustainable Finance Working Group, examines how policymakers can speed, steer, and simplify the transition of the steel and cement industries to net zero.