Can the Steel Industry Turn Green?

Isabella Bergström, Vendela Jonsson, Kristjan Jespersen

Publikation: AndetUdgivelser på nettet - Net-publikationForskning

Abstract

Climate change is one of the most defining issues of our time and human actions generate over 50 billion tonnes of greenhouse gas (GHG) emissions each year. In order to combat climate change and limit global warming, the Paris Agreement was formed in 2015, providing a framework for international cooperation. Sweden is one of the 196 nations that has signed the Paris Agreement, aiming to reach net-zero by 2045. The steel industry is one of the largest contributors to Sweden’s GHG emissions, accounting for ten percent of its total. Therefore, in order to decarbonize the nation, Sweden must decarbonize its steel industry. This has created pressure on Swedish steel companies to revise their sustainability strategies and explore new production technologies. The incumbent SSAB and the new entrant H2 Green Steel are the frontrunners in transforming the Swedish steel industry by developing the hydrogen-based steel (HBS) production technology.
OriginalsprogEngelsk
Publikationsdato27 aug. 2023
UdgivelsesstedFrederiksberg
UdgiverCopenhagen Business School, CBS
StatusUdgivet - 27 aug. 2023

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