1、EEISTTowardS nEar-zEro EmISSIonS STEEl:modEllIng-baSEd polIcy InSIghTS for major producErS auThorS:Shruti Dayal,arpan Golechha,Simon Sharpe,pim Vercoulen,Joe morriSroe,Femke niJSSeknowleDGe partnerSExecutive summary 41.Introduction 6Context:Steel production and consumption 8Growing emissions and the
2、 imperative for transition 10Policies for the transition at an early stage 112.Methodology 12Policy options tested 13Model structure and key assumptions 153.Results:Comparing the effectiveness of individual policy options 18Policy option 1:Cap on capacity additions of high-emission production techno
3、logies 19Policy option 2:Carbon pricing 22Policy option 3:Subsidies and procurement 24Policy option 4:Clean steel mandates 26Policy option 5:Combined policies scenario 28Case study:India 304.Policy implications and uncertainties 325.Conclusion 36Bibliography 38ContentsThis work was funded by the UK
4、Governments Department for Energy Security&Net Zero as part of the Economics of Energy Innovation and System Transition(EEIST)programme.The contents of this report represent the views of its authors,and should not be taken to represent the views of the UK government or the organisations to which the
5、 authors are affiliated.For more information about EEIST visit:eeist.co.uk.Author(s)2025.This work is distributed under the Creative Commons Attribution 4.0 License.Executive summaryEEIST1.Identifying the right policies to drive the transition to near-zero emissions steelmaking is important to futur
6、e industrial competitiveness as well as to decarbonisation.2.Scrap-based production is already a cost-competitive source of low-emissions steel,and should be maximised,but it cannot meet the entirety of global steel demand;introducing clean technologies in primary steel production is also essential.