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A climate club to decarbonize the global steel industry

by Cui, Ryna , Åhman, Max , Tönjes, Annika , van Asselt, Harro , Hall, Catherine , Bataille, Chris , Hermwille, Lukas , Sudharmma Vishwanathan, Saritha , Garg, Amit , Kronshage, Stefan , Fragkos, Panagiotis , Trollip, Hilton , Fischedick, Manfred , Jochem, Patrick , Obergassel, Wolfgang , Lechtenböhmer, Stefan , Schneider, Clemens , Oberthür, Sebastian

in Capital costs / Carbon / Climate / Climate change / Cooperation / Decarbonization / Economic change / Economics / Emissions / Energy / Environmental policy / Gasoline prices / Hydrogen / Industrialized nations / Infrastructure / Innovations / International cooperation / Iron / Iron and steel industry / Metal industry / Natural gas prices / Politics / Renewable resources / Steel / Steel industry / Steel production / Stranded investment / Tariffs / Technology / Trade restrictions / Transformation / Transnationalism

2022

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2022

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2022

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Journal Article

A climate club to decarbonize the global steel industry

Cui, Ryna,

Åhman, Max,

Tönjes, Annika,

van Asselt, Harro,

Hall, Catherine,

Bataille, Chris,

Hermwille, Lukas,

Sudharmma Vishwanathan, Saritha,

Garg, Amit,

Kronshage, Stefan,

Fragkos, Panagiotis,

Trollip, Hilton,

Fischedick, Manfred,

Jochem, Patrick,

Obergassel, Wolfgang,

Lechtenböhmer, Stefan,

Schneider, Clemens,

Oberthür, Sebastian

2022

Overview

Decarbonizing 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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Publisher

Nature Publishing Group

Subject

Capital costs

/ Carbon

/ Climate