Steel sector can reduce CO2 emissions by 340 million tonne-IEA
The International Energy Agency in a report published last week said that the steel industry could potentially reduce its total CO2 emissions by 340 million tonne per year if best available technologies were applied worldwide.
The report, which uses 2005 as a reference year, said that even if steel producers aim to return to current CO2 emission levels by 2050, direct emissions will have nonetheless increased by 71% above the 2005 level, partly because of a 134% increase in production during this period. However, total direct emissions will decrease by 26% by 2050 if individual producers manage to halve their emissions.
A spokesman for the International Iron and Steel Institute said that "In terms of intent, the industry is doing a lot to reduce its emissions. Innovative technology from Japan, the US and Europe will transfer to India and China, where very outdated steel making processes are still employed."
« Back
|