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Environmental Sustainability of the Iron and Steel Industry: Towards Reaching the Climate Goals

European Journal of Sustainable Development

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Title Environmental Sustainability of the Iron and Steel Industry: Towards Reaching the Climate Goals
 
Creator Shatokha, Volodymyr
 
Description Radical modernization of the greenhouse gas emitting industrial sectors is indispensable for transition to a low-carbon economy. The iron and steel industry accounts for 6.7 % of the global anthropogenic carbon dioxide emissions. Futures of iron and steel industry based on various market penetration scenarios for best available and innovative technologies have been modelled and analyzed against the climate change mitigation targets identified by the International Energy Agency for keeping the global warming within 2°C. Plausible modernization pathways have been studied revealing a possibility of achieving the levels of CO2 emissions consistent with the climate targets by 2030-2040. However, reaching of the targets established for 2050 requires disruptive innovations in a synergy with carbon capture and storage/utilization, enhanced material efficiency and greater share of recycled steel production. The need for international collaboration to facilitate development and commercialisation of eco-innovations has been revealed. International instruments shall be applied in order to deliver incentive for modernisation, to boost carbon investment mechanisms and to ensure borderless technology transfer.
 
Publisher European Center of Sustainable Development
 
Contributor
 
Date 2016-10-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion

 
Format application/pdf
 
Identifier http://www.ecsdev.org/ojs/index.php/ejsd/article/view/405
 
Source European Journal of Sustainable Development; Vol 5, No 4: Special Issue; 289-300
2239-6101
2239-5938
 
Language eng
 
Relation http://www.ecsdev.org/ojs/index.php/ejsd/article/view/405/402
 
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