Accelerating Progress: The Importance Of Finance In Scaling Up Net Zero Steel & Concrete Production To Meet Growing Corporate Demand

Concrete production and steelmaking currently account for a staggering 8% and 11% of global annual carbon emissions, respectively. Having been overlooked for far too long, attention on how to swiftly and equitably decarbonise both sectors is growing.There are enabling technologies to clean up production. Demand from businesses for net zero steel and concrete grows ever louder. Yet, volumes are not coming to market at the speed or scale we need. We’re at a critical juncture where decisions on purchasing, investment and policy must be laser focused on driving decarbonisation.In this session, Climate Group will present their global ConcreteZero and SteelZero initiatives, which are bringing together leading businesses to signal their demand for net zero steel and concrete by 2050 or earlier, and will highlight the critical role of finance in diverting capital flows toward clean steel and concrete production.