Deep decarbonisation of the global manufacturing sector is needed to achieve the climate targets under the Paris Agreement. As of September 2019, 77 countries have announced targets to be carbon neutral by 2050. However, in the age of globalisation, countries are concerned that decarbonisation leads to cost increases for industries, companies will move their production bases to countries with less strict energy efficiency and greenhouse gas (GHG) emission regulations. Such relocation of production base can demotivate countries to implement rigorous policies for industry decarbonisation and cause leakage, reducing the global impacts of decarbonisation. This paper
uses the iron and steel industry as an example to check:
- to what extent the above statement is true; and
- how to address this global chain and cross-border issue in the decarbonisation of industries.
Country / Region: Belgium, Canada, China, European Union, France, Germany, India, Italy, Japan, Korea, Republic of, Luxembourg, Mexico, Poland, Russian Federation, Spain, United KingdomTags: carbon, carbon leakage, carbon neutral, decarbonisation, emissions, energy, energy efficiency, industry, iron and steel industry, leakage, relocation, solutions, supply chains, targets
In 1 user collection: C2E2 Publications
Knowledge Object: Publication / Report
Author: Xianli Zhu