Name: Can China's steel industry help meet the national target to reduce emissions by 2030?
Brand: Wood Mackenzie
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Author: Wood Mackenzie

Insight 26 May 2020

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CO2 emissions generated by China’s steel industry will peak in 2021. This supports the government’s claim that it will be able to cap its total emissions level by 2030. However, this peak is primarily because of lower rather than cleaner steel production. Further, the anticipated reduction in steel industry emissions won’t be enough to meet the Paris Agreement’s longer-term aim to keep the rise in global average temperature to well below 2 °C above pre-industrial levels. Even if advanced technologies that reduce CO2 emissions are applied to blast furnaces nationwide, a further 87 Mt of emissions still needs to be reduced by 2030 – highlighting the scale of the challenge to come for China's steel industry.</div>
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<li class="list__item-toggle font-semibold">
        Iron ore agglomeration
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<li class="list__item-toggle font-semibold">
        Coking
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        Blast furnace
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        Basic oxygen furnace
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        Continuous casting
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        Hot rolling
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        Captive power plant
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        Electric arc furnace
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<ul class="list list--bullets">
        <li class="list__item push-quarter--bottom">BF-BOF scope 1 emissions by process and raw material, kg CO2/t crude steel</li><li class="list__item push-quarter--bottom">BF-BOF scope 2 emissions by process and energy type, kg CO2/t crude steel</li><li class="list__item push-quarter--bottom">EAF scope 1 emissions by process and raw material, kg CO2/t crude steel</li><li class="list__item push-quarter--bottom">EAF scope 2 emissions by process and energy type, kg CO2/t crude steel</li>
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<p class="font-regular" >Can China's steel industry help meet the national target to reduce emissions by 2030?</p>
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