250 IIGCC investor companies believe that steel mills should use new technologies to prevent climate change associated with greenhouse effects. To do this, they will need to invest significant amounts in decarbonization operations. This is a requirement of the Paris Agreement.
The report was produced by four investor networks of the Global Climate Change Coalition.
The document pays special attention to the fact that in the total share of global greenhouse gas emissions, 7% falls on the steel industry.
In the event that metallurgical plants fail to reduce their emissions into the atmosphere in accordance with the requirements of the Paris Agreements, they will be subject to sanctions.
And although the whole world in the steel sector began to actively introduce pilot projects and innovations, this is not enough. Significant efforts are required to introduce new technologies to reduce emissions from metallurgical plants, according to IIGCC CEO Stephanie Pfeiffer.
