Nov. 2 (Reuters) – Britain, the United States, India, China and the European Union will aim to increase production of nearly zero-emission steel in all parts of the world by 2030, the British government said on Tuesday.
In a statement, Britain said more than 40 world leaders had agreed to a plan to deliver clean and affordable technology around the world by 2030. In addition to steel, the plan will focus on energy, road transport, hydrogen and agriculture.
“Near-emission steel is preferred in global markets, with efficient use and near-emission steel production established and growing in every region by 2030,” the statement said.
The deal was announced at the COP26 global climate conference in Glasgow, where leaders pledged to end deforestation by the end of the decade and reduce emissions of the potent greenhouse gas methane to slow climate change.
The steel industry is one of the largest CO2 emitters in the world. China produces more than half of the world’s steel.
The signatories had agreed on metrics to measure the goal and to set up initiatives for international cooperation to achieve it, the statement said, but did not provide further details.
The United States and the EU ended a dispute over steel and aluminum tariffs on Sunday and said they would work on a global settlement to combat “dirty” production and industrial overcapacity. read more
US President Joe Biden said this would help curb access “to our markets for dirty steel from countries like China.”
Reporting by David Ljunggren in Ottawa Editing by Mark Heinrich
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