DDP Annual Report 2023 – STEEL

Iron & 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. This chapter delves into global steel decarbonization, focusing on necessary transformations, technical aspects, national experiences, and the crucial role of international collaboration, emphasizing the need to accelerate worldwide decarbonization efforts for steel to meet the 1.5°C goal.

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