ASI joins in global push for common emission methodologies
The ASI has joined 58 steel organisations around the world in signing up a guiding set of principles for accelerating the transition to near zero through the use of common emissions measurement methodologies.
The World Steel Association-endorsed World Trade Organisation Steel Standards Principles recognise that steel emissions need to be reduced significantly for the sector to play a credible role in achieving net zero.
The principles include:
- The need for improvements in transparency, interoperability, and mutual recognition of methodologies for measuring emissions.
- Recognition that different methodologies may be needed at the project, production, and product levels, but that interoperability between them will drive faster decarbonisation of the steel industry globally;
- Recognition of the importance of independent verification of the resulting data from the use of such measurement methodologies;
- Recognition of the role of existing initiatives to drive decarbonisation in the iron and steel sector and the need for greater alignment of the methodologies for comprehensively measuring greenhouse gas emissions that underpin these initiatives.
- Recognition that the iron and steel sector accounts for approximately 8% of annual global greenhouse gas (GHG) emissions, including methane
“We, the endorsing organisations and stakeholders on the occasion of COP28, recognise that the iron and steel sector accounts for approximately 8% of annual global greenhouse gas (GHG) emissions, including methane, today and these emissions will need to be reduced.”
