Toward a Tradable, Low-Carbon Product Standard for Steel: Policy Design Considerations for the United States

Feldmann, John; Kennedy, Kevin C.

doi:10.46830/wriwp.20.00113

Cited by 4 publications

(4 citation statements)

References 5 publications

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“…Esses valores não são incrementais, isto é, desconsideram a diferença em relação ao preço do clínquer. A análise econômica com foco na SI também auxiliaria na proposição de uma norma brasileira de baixo carbono, similar às propostas de estudos para aço (Feldmann e Kennedy, 2021) e cimento (Fransen et al, 2021) nos Estados Unidos, que também pontuam a possibilidade de um comércio de créditos entre programas governamentais de mitigação de CO 2 para diferentes setores.…”

Section: Considerações Econômicas E Ambientais Sobre a Inter-relação ...unclassified

O custo marginal e o potencial de redução de emissões de carbono para aço e cimento no Brasil

Souza,

Pacca

2023

RBE

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Section: Considerações Econômicas E Ambientais Sobre a Inter-relação ...unclassified

O custo marginal e o potencial de redução de emissões de carbono para aço e cimento no Brasil

Souza,

Pacca

2023

RBE

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“…President Biden of the United States announced a new target in April 2021, aiming at a 50-52% reduction from 2005 level in economy-wide net GHG pollution in 2030, as the product of the previous fulfilment to rejoin the Paris Agreement and the promise of reaching net-zero emissions economy-wide by no later than 2050 [49]. Biden's climate plan has put the infrastructure construction at its heart, which finally put steel into a central stage, responsible for 100 Mt and approximately 1.5% of the total emissions [50]. One significant advantage of the US steel industry is its leadership in the recycling of scrap steel, accounting for about 70 percent of the raw metal input into steel production in the US, as listed in Table 1.…”

Section: The United Statesmentioning

confidence: 99%

“…[49]. Biden's climate plan has put the infrastructure construction at its heart, which finally put steel into a central stage, responsible for 100 Mt and approximately 1.5% of the total emissions [50]. One significant advantage of the US steel industry is its leadership in the recycling of scrap steel, accounting for about 70 percent of the raw metal input into steel production in the US, as listed in Table 1.…”

Section: The United Statesmentioning

confidence: 99%

Low-Carbon Development for the Iron and Steel Industry in China and the World: Status Quo, Future Vision, and Key Actions

Lin

Yang

et al. 2021

Sustainability

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The low-carbon development of China’s iron and steel industry (ISI) is important but challenging work for the attainment of China’s carbon neutrality by 2060. However, most previous studies related to the low-carbon development of China’s ISI are fragmented from different views such as production-side mitigation, demand-side mitigation, or mitigation technologies. Additionally, there is still a lack of a comprehensive overview of the long-term pathway to the low-carbon development of China’s ISI. To respond to this gap and to contribute to better guide policymaking in China, this paper conducted a timely and comprehensive review following the technology roadmap framework covering the status quo, future vision, and key actions of the low-carbon development of the world and China’s ISI. First, this paper provides an overview of the technology roadmap of low-carbon development around the main steel production countries in the world. Second, the potential for key decarbonization actions available for China’s ISI are evaluated in detail. Third, policy and research recommendations are put forward for the future low-carbon development of China’s ISI. Through this comprehensive review, four key actions can be applied to the low-carbon development of China’s ISI: improving energy efficiency, shifting to Scrap/EAF route, promoting material efficiency strategy, and deploying radical innovation technologies.

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“…For example, greenhouse gas (GHG) emissions from materials extraction and processing in 2060 are projected to be responsible for 21% of global emissions (OECD, 2019). 2 More importantly, since the industrial sector has some risks and problems due to its production structure, such as the carbon leakage and competitiveness issue, the cost burden, and economic-technical dependencies, industry-(or more specifically materials-) based mitigation becomes harder (Baumert et al, 2005;Allwood et al, 2010;Material Economics, 2019;Davis et al, 2018;Bataille et al, 2018;Bataille, 2020;Feldmann & Kennedy, 2021;Fransen et al, 2021). 3 These arguments discussed above clearly suggest that materials, on the one hand, have a substantial potential to affect the transition from a fossil-based energy system to another energy system powered by low-carbon energy technologies.…”

mentioning

confidence: 99%

Material demand and material efficiency for sustainable development in the European Union countries: A stochastic frontier analysis

Alataş

Hiçyılmaz

Karakaya

2023

Sustainable Development

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Materials are of great importance as they are fundamentally integrated into many different critical topics, including green transition, technological progress, industrial emissions, and supply chains. Therefore, the amount of materials we demand and employ in the production process or how efficiently we use them become highly crucial. In this paper, we study the emerging role of materials with a special focus on the key role of material efficiency (ME) in climate mitigation. To this end, we empirically investigate the main determinant of material demand and evaluate the ME performance in the European Union (EU) countries over the period of 1995–2019 based on a four‐component Stochastic Frontier Analysis (SFA) panel data approach that separates unobserved country effects from persistent and transient inefficiency. We obtain the following outcomes. First, material demand function estimates reveal that economic growth and energy consumption are the main drivers of domestic material consumption, highlighting the need for promoting sustainable energy and economic growth. Second, although the SFA‐based ME scores significantly vary across countries, transient inefficiency is the main source of overall inefficiency for most countries, suggesting that there is considerable potential for improvement in ME. While Finland, Sweden, Denmark, Bulgaria, Cyprus, France, and Slovenia improve their ME performance over time, the ME score of some other countries, such as Ireland, Portugal, Italy, Spain, and the Slovak Republic reveal an opposite outcome. Third, the results show that material intensity is not always a good proxy for ME.

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Toward a Tradable, Low-Carbon Product Standard for Steel: Policy Design Considerations for the United States

Cited by 4 publications

References 5 publications

O custo marginal e o potencial de redução de emissões de carbono para aço e cimento no Brasil

O custo marginal e o potencial de redução de emissões de carbono para aço e cimento no Brasil

Low-Carbon Development for the Iron and Steel Industry in China and the World: Status Quo, Future Vision, and Key Actions

Material demand and material efficiency for sustainable development in the European Union countries: A stochastic frontier analysis

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