DDP Annual Report 2023 – STEEL
The DDP’s research identified sectors feasible for economic decarbonization pre-COP21. While most sectors could decarbonize via clean electrification and fuel switching, industry posed a challenge due to hard-to-electrify processes. Recent advancements show the potential for deep decarbonization in steel production using hydrogen-based technology, notably seen in the EU’s successful policy measures. However, global cooperation remains lacking.