Finance and state support for low-carbon steel

Decarbonising industry is a major 21st century challenge that requires international partnership, cooperation and corporate strategy. Historically ‘hard-to-abate’ sectors like steel are now central to this policy debate. Large emerging market and developing economies (EMDEs) like India, Indonesia and Vietnam are rapidly industrialising and driving new steel demand. This report for the Just Transition Finance Lab seeks to understand the use of direct state subsidies as a critical enabling factor in EMDEs’ transition to decarbonising steel. The core contribution is a novel dataset on state subsidies for low-carbon steel projects worldwide.

External link to report