OECD COP29 Virtual Pavilion

Channelling market forces towards steel decarbonisation

OnlineNov 20, 2024 | 11:30 AM - 1:00 PM

Description

Based on recent OECD work, this session will look at how various policy enablers of steel decarbonisation are coming together to achieve net-zero emissions, and how companies are progressing on this journey. Starting with corporate strategies, this session will examine the market conditions that enable or hinder the advancements of companies. This includes taking stock of current market conditions and trends in the availability of raw materials needed for steel decarbonisation, such as scrap and hydrogen, and explore how policies are addressing eventual market shortfalls without distorting fair competition. While a supportive policy environment is essential, steel companies must play their part. By shedding light on what companies are currently doing or intend doing in the foreseeable future, this session aims to bring together these two perspectives and reflect on what else needs to be done on both sides to achieve carbon neutrality in the sector by mid-century.

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Moderated by

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Speakers

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The OECD COP29 Virtual Pavilion is a contribution toNet Zero+: Building Climate and Economic Resilience

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