Steel

Net-Zero Steel Initiative

We are an initiative of industry champions working towards net-zero emissions in a critical component of our infrastructure and our lives: steel.

7%

of total energy sector emissions

700M

new cars on the road equivalent

30%

projected growth by 2050

Our Approach

The Net-Zero Steel Initiative (NZSI) aims to put the global steel sector on a path to reach net-zero emissions by 2050 by:

  • Partnering with an international group of steel industry leaders
  • Bringing zero-carbon primary steel production technologies to market by 2030
  • Accelerating the growth of scrap-based production
  • Focusing on supply dimensions
  • Demonstrating how steel can be a key part of a net-zero economy

SECTOR TRANSITION TOOLS

Endorsed by major global steelmakers, MPP’s Steel Transition Strategy provides a shared vision for the industry’s low-carbon future, providing real economy milestones and detailing the industry, policy, and finance action required to get to net zero on a 1.5C-aligned pathway. It outlines, for example, that over 190 Mt/y of near-zero emissions primary steel production capacity would need to be up and running by 2030 to kick-off the transition to net zero in the 2030s and 2040s. This would mean converting the current pipeline to 2030 of ‘low-carbon’ primary steel capacity to near-zero emissions technologies and expanding it by a factor of three before the end of the decade.

Join Us

For more information or to engage in our work, please contact: [email protected]