A new report from RMI (Rocky Mountain Institute) finds that it is technically and economically feasible for China’s steel industry to decarbonize by 2050 through demand reduction, steel recycling and switching to green routes.
China produces and consumes more than half of the world’s steel, accounting for about 17% of the country’s carbon emissions. This makes the steel industry the country’s second-largest carbon emitting sector behind power generation. The decarbonization of China’s steel industry will be a significant contribution to the country’s dual-carbon goals and the world’s carbon reduction goal.