Announcements
Announcements
The G20 and its member states have a unique opportunity to collaborate with international financial institutions in the roll out of low-carbon steel production globally to ensure developing and emerging economies can participate in this transition.
This brief is part of T20 2023, hosted by India.
Völklingen steel mill. Photo credit: Astrid Westvang.
Steel is a major contributor to global emissions and the industry is only expected to grow in coming years driven by emerging economies. This increase in demand and production necessitates the urgent transition to green steel production pathways. International finance institutions (IFIs) such as multilateral development banks (MDBs) can play a catalytic role in ensuring that developing and emerging economies benefit from and are included in this transition. As the G20 sets out the mandates of IFIs and international climate finance more broadly, its member states have a unique opportunity to be key players in the roll out of low-carbon steel production globally.
Based on a series of interviews with IFIs, this brief provides five recommendations for the collaboration of the G20 and IFIs to build the necessary knowledge, support and infrastructure for a rapid transition to green steel in developing and emerging economies.
Media coverage / Climate leadership is needed at the G20 Summit, SEI researchers write in an op-ed published by The Hindu.
Past event / This virtual side event aimed to assess the performance of existing circular economy strategies in cities from Latin America, China and Europe.
Feature / Discover how SEI's Consumption Compass aids Swedish municipalities in slashing climate impact through smarter consumption.
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