Policy

A Fork in the Road for the global steel sector

The global steel sector has reached a fork in the road. Before 2030, 71% of existing coal-based blast furnaces (1090 Mt) will reach the end of its lifetime and require major reinvestment. As the next investment cycle won’t happen for another two decades, this means that this decade provides the critical opportunity for steel to transition to a more sustainable sector. 

This policy paper included as part of the Climate Bonds Steel Package provides guidance to policymakers and regulators about how to guide industry and investors onto a climate-aligned pathway for steel.

Posted Dec 8, 2022 by Leena Fatin

Cementing the Global Net Zero Transition

Cement production accounts for around 7% of global emissions and it is the second largest global industrial emitter after steel.4 Achieving the goals of the Paris Agreement will be impossible without decarbonising sectors such as cement and yet, the carbon intensity of global cement production has only slightly decreased in recent decades, and it is significantly behind a Paris-aligned pathway.

Posted Oct 19, 2023 by Gabriel Carhart

12 Policies to Unlock Deep Decarbonisation

The decarbonisation of hard-to-abate sectors requires targeted policy support to ensure rapid emissions reduction, avoid stranded asset risks, and develop transition opportunities.

Effective policy support will help to overcome market failures and problems of inertia, increase the green asset pipeline and channel funding to transition the whole economy. Transition policy development will enable countries to develop new green industries, conserve their natural resources, and ensure sustainable growth. 

Posted Jul 20, 2023 by Gabriel Carhart