Steel industry calls for reinforced partnership for sustainable future

EDWIN Basson, Director General of worldsteel said: “The steel industry is CO2 and energy intensive by nature but what needs to be clearly acknowledged is the central role it plays in enabling many other industry sectors to mitigate CO2 emissions in their applications and products and also in providing solutions to many of the challenges posed by a growing global population. Therefore, the role of the steel industry needs to be considered within the context of progressive industrial policy and governments need to engage with the steel industry when developing a carbon policy that could impact the industry.

We believe that in order to achieve a low carbon society it is extremely important to have cohesive and consistent environment policies around the world. First, steel is a highly competitive industry and about 35% of steel is traded internationally, thus a global level playing field is a necessary condition. Fair competition should not be compromised due to inequity in carbon policy. Secondly, governments should take into account the full life cycle of products when creating new regulations. This will help to create reliable and predictable frameworks for cost effective energy and environmental policies. Furthermore, governments should promote a circular economy approach leading to: low waste, reduction in the amount of materials used and encouragement of reuse and recycling of all materials. Lastly, progress in breakthrough technology development in steelmaking must be maintained or accelerated requiring the financial burden to be shared by both government and the private sector.”

For more information, download worldsteel's new publication  ‘Steel’s contribution to a low carbon future and climate resilient societies’ via this link.