The group of countries announced its intention to buy low-carbon steel and concrete at the UN Climate Change Conference, COP26, in Glasgow, with specific interim targets by 2030 expected to be revealed at the next meeting of the Clean Energy Ministerial (CEM) by mid-2022.
These two materials account for 14-16% of global energy-related CO2 emissions, making them some of the most carbon-intensive industrial materials on the planet.
Currently, the public procurement of steel and cement in these countries represents 25-40% of the domestic market.
“To decarbonize the sector,...
