A G20 Compact to Accelerate Green Public and Private Procurement of Net-Zero Steel
This Policy Brief was first published in https://t20ind.org
Steel accounts for around 7 percent of global greenhouse gas emissions and 11 percent of global carbon dioxide emissions,1 and use of low-emission steel will decarbonise the sector. Green procurement of low- emission steel by public and private entities can help stimulate demand in favour of large-scale production of net- zero steel. The G20 nations produce 90 percent of the world’s steel, significantly influencing its value chains.2 Therefore, the G20 can play a catalytic role in driving mechanisms for the global decarbonisation of steel. This Policy Brief aims to underscore the potential of green procurement for creating demand for net-zero steel. It identifies policies and near-term actions that the G20 can deploy.
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