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The CO2 emission reduction path towards carbon neutrality in the Chinese steel industry: A review

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ELSEVIER SCIENCE INC
DOI: 10.1016/j.eiar.2022.107017

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Steel industry; CO 2 emissions reduction; Carbon neutrality; Policy recommendations

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China aims to peak CO2 emissions by 2030 and achieve carbon neutrality by 2060. The steel industry, accounting for 13% of China's total energy consumption and 15% of CO2 emissions, needs to adopt measures to cut energy consumption and reduce CO2 emissions. This paper analyzes the CO2 emission reduction path of the steel industry towards carbon neutrality, emphasizing the importance of industrial structure, material efficiency, energy efficiency, and low-carbon technologies. Collaboration and standardization in carbon accounting and carbon trading are also essential for effective carbon emission management.
China has set an ambitious national determined contributions target to peak CO2 emissions by 2030 and aims to be carbon neutral by 2060. One of China's top energy consumers and CO2 contributors, the steel industry accounts for 13% of the country's total consumption and 15% of CO2 emissions. In response to the present global warming trend, there is an urgent need to cut energy consumption and CO2 emissions to promote low-carbon growth. This paper attempts to provide a detailed analysis of the steel industry's CO2 emission reduction path to carbon neutrality. Further efforts in terms of industrial structure, material efficiency, energy efficiency, and low- or zero-carbon technologies are required to achieve a low-carbon transition. Given that decarbonization is a significant priority in the steel industry in many countries, this study focuses on the goals and technological paths of low-carbon emissions projects to optimize existing technology priorities and propose development directions. Deep decarbonization is also projected to be achieved by combining CCUS and hydrogen metallurgy technologies. The steel industry requires collaborative efforts to standardize CO2 emission accounting methodologies and establish a carbon trading system to strengthen carbon emission management.

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