The Necessity of G7 Leadership in Cleaning the Steel Market

G7 green steel climate advisers

G7 countries are in a prime position to lead global cooperation to reduce emissions from the production of steel. At the upcoming May 2023 G7 summit these nations shouldn’t ignore their chance to place industrial decarbonization, with a focus on steel, at the top of the agenda. DOWNLOAD BRIEF

Principles for Climate Related Financial Risk Management for Large Financial Institutions – Federal Reserve Recommendations

Climate Advisers recently came out with strong support for efforts by the Federal Reserve (the Fed) to draft principles that would provide a high-level framework to guide financial institutions in managing exposure to climate-related financial risks. DOWNLOAD COMMENT LETTER Since deforestation both generates greenhouse gas emissions in the current year and reduces carbon storage capacity […]

India’s Opportunity for Steel Decarbonization

China and India are the top two steel-producing countries in the world, producing 1,032.8 and 118.2 million tons of crude steel per year respectively. While China is presently the largest steel-producing nation, its domestic demand for steel is expected to decline in the coming years. India’s steelmaking industry, on the other hand, is projected to nearly double by 2030 and almost […]

Moving Toward a Single Standard for Green Steel in G7 Countries

Introduction As countries work toward long-term net-zero goals, heavy industry has come under scrutiny as one of the highest-emitting sectors. Steel in particular is an important area of focus, as both a carbon-intensive industry and one of the world’s most widely used materials. Steelmaking accounts for between 7 and 9 percent of global CO2 emissions. […]

Estimating the Impact of the Energy Transition Accelerator

In November 2022, U.S. Special Presidential Envoy for Climate Change John Kerry, the Rockefeller Foundation, and the Bezos Earth Fund announced plans to create the Energy Transition Accelerator (ETA). The ETA is aimed at catalyzing private capital to accelerate the clean energy transition in developing countries. DOWNLOAD BRIEF With support from the Rockefeller Foundation, Climate […]

Back to The Drawing Board On U.S. Permitting Reform

The effort to overhaul the permitting process for new energy projects took a major hit in September when Senator Joe Manchin had to scrap his plans to accelerate the approval of energy projects. During negotiations for the Inflation Reduction Act (IRA), Democratic leadership promised, in exchange for Senator Manchin’s support of the climate bill, the […]

U.S. Climate Diplomacy Update – October

With the Inflation Reduction Act (IRA) having passed, the Biden administration feels emboldened heading into future climate negotiations. The administration believes that the passage of the massive bill creates much-needed credibility on climate as it negotiates with the international community. With IRA initiatives set to put the U.S. on the path to moving closer to […]

Climate Advisers’ S.E.C. Comment on Climate Transparency – Recommendations to Protect Investors

The U.S. Security and Exchange Commission’s (SEC) proposed rules for expanded climate transparency is a strong step forward in ensuring greater transparency of climate-related financial risks. The alignment between the proposed ruling and widely accepted frameworks like the recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD) and the Greenhouse Gas (GHG) Protocol would provide […]