Environment and Energy

GSCC Urges G7 to Incentivize Sustainable Steelmaking

Written by Becca Moczygemba

The Global Steel Climate Council (GSCC) addressed the Group of Seven (G7) on May 16, encouraging leaders to move towards sustainable steelmaking.

The G7 Summit is currently being held in Hiroshima, Japan. G7 leaders were asked to support the transition to cleaner steel products by incentivizing steelmakers to utilize lower-emitting steel production processes and technologies.

Recently, the GSCC released the Steel Climate Standard, a global standard to measure and report steel carbon emissions. The standard provides a decarbonization framework to lower global steel-related greenhouse gas emissions by 2050.

A press release from the GSCC noted that ” GSCC members are committed to engaging with the G7 governments and other institutions to advance a common standard for the global steel industry.”

More information on the Steel Climate Standard can be found here.

By Becca Moczygemba, becca@steelmarketupdate.com

Becca Moczygemba

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