KETEP 세계에너지시장정보

The steel sector is on of the most significant contributors to climate change, responsible for about 7% of global energy-related carbon emissions.

In its recent outcome document, the G20, at its Ministerial Environment and Climate Ministers' Meeting, recognized "that the steel sector is fundamental for comprehensive economic development, especially in developing countries yet its environmental footprint has been and continues to be of concern.”

G20 countries, which represents the world’s largest economies, produce about 85% of the world’s steel and are responsible for consuming about 80% of it.

 Co-ordinated action by the G20 countries can address the challenges and opportunities of the sector, enabling its transition towards a more circular steel industry, one of the key priorities set forth by the Indian G20 Presidency.

“Adopting the circular principles presented in this report can help close the loop in the material value chain of steel and reduce greenhouse gas emissions from the sector,” stated IRENA Director-General Francesco La Camera in the report. 

“By working together, the G20 can lead the way in implementing circularity by fostering the exchange of best practices, removing trade barriers, and establishing common standards for sustainable steel production.”