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L. Ren et al.
hydrogen steelmaking is mainly within the equipment manufacturing and is
relatively less;
• High abatement effectiveness of clean power: apart from providing abatement effectiveness for hydrogen steelmaking, the development of clean
power also significantly reduces energy consumption and carbon emissions
of short process steel, making it a possible option for zero carbon option for
iron and steel industry;
• Vital importance of cost effectiveness evaluation of zero carbon technologies: zero carbon technologies in iron and steel industry, on the one
hand, are costly during the R&D and construction period, and on the other
hand, depend on the overall industrial planning and support as a systematic
engineering undertaking, of which the cost of trial and error can be significant; therefore, cost effectiveness evaluation is of crucial importance and
merits further study.
(4) Zero carbon development is possible for iron and steel industry.
• Theoretically, comprehensive application of upgraded techniques and zero
carbon technologies can result in an abatement of 80–95%, indicating
promising prospects.
7.6.2 Policy Recommendations
It is predicable that iron and steel industry, a major source of CO 2 emissions, will
face mounting pressure of abatement amid worsening climate change across the
world. With a massive number of iron and steel enterprises varying significantly
in technological development and scale of production, China is challenged by an
especially arduous task of CO 2 emission reduction which comes into two dimensions
- short term reduction and long-term abatement.
7.6.2.1 Short Term Emission Reduction
• Management should be improved in iron and steel industry with rationalized
organization of production, higher industrial concentration and elimination of
outdated capacity.
• R&D and promotion of renovative techniques should continue in iron and steel
industry to cut energy use and emissions of existing capacity to the level of
developed countries.
• Scrap steel recovery should be encouraged while prompting recycling industry
to get prepared for potential risks such as surplus capacity, excessive inventory,
industrial transfer and shrinkage in international trade, etc.
L. Ren et al.
hydrogen steelmaking is mainly within the equipment manufacturing and is
relatively less;
• High abatement effectiveness of clean power: apart from providing abatement effectiveness for hydrogen steelmaking, the development of clean
power also significantly reduces energy consumption and carbon emissions
of short process steel, making it a possible option for zero carbon option for
iron and steel industry;
• Vital importance of cost effectiveness evaluation of zero carbon technologies: zero carbon technologies in iron and steel industry, on the one
hand, are costly during the R&D and construction period, and on the other
hand, depend on the overall industrial planning and support as a systematic
engineering undertaking, of which the cost of trial and error can be significant; therefore, cost effectiveness evaluation is of crucial importance and
merits further study.
(4) Zero carbon development is possible for iron and steel industry.
• Theoretically, comprehensive application of upgraded techniques and zero
carbon technologies can result in an abatement of 80–95%, indicating
promising prospects.
7.6.2 Policy Recommendations
It is predicable that iron and steel industry, a major source of CO 2 emissions, will
face mounting pressure of abatement amid worsening climate change across the
world. With a massive number of iron and steel enterprises varying significantly
in technological development and scale of production, China is challenged by an
especially arduous task of CO 2 emission reduction which comes into two dimensions
- short term reduction and long-term abatement.
7.6.2.1 Short Term Emission Reduction
• Management should be improved in iron and steel industry with rationalized
organization of production, higher industrial concentration and elimination of
outdated capacity.
• R&D and promotion of renovative techniques should continue in iron and steel
industry to cut energy use and emissions of existing capacity to the level of
developed countries.
• Scrap steel recovery should be encouraged while prompting recycling industry
to get prepared for potential risks such as surplus capacity, excessive inventory,
industrial transfer and shrinkage in international trade, etc.