Net Zero Industry Tracker 2024 Steel
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Endnotes
291. International Energy Agency (IEA). (2024). Emissions Measurement and Data Collection for a Net Zero Steel Industry.
https://www.iea.org/reports/emissions-measurement-and-data-collection-for-a-net-zero-steel-industry/executive-
summary.
292. Accenture calculations based on International Energy Agency (IEA). (2024). World Energy Outlook 2024.
https://iea.blob.core.windows.net/assets/47a9a222-78e4-4c43-9bab-977b4ad5326b/WorldEnergyOutlook2024.pdf.
293. Mission Possible Partnership (MPP). (2022). Making Net-Zero Steel Possible. https://3stepsolutions.s3-accelerate.
amazonaws.com/assets/custom/010856/downloads/Making-Net-Zero-Steel-possible-steel.pdf.
294. Accenture calculations based on International Energy Agency (IEA). (2024). World Energy Outlook 2024.
https://iea.blob.core.windows.net/assets/47a9a222-78e4-4c43-9bab-977b4ad5326b/WorldEnergyOutlook2024.pdf.
295. International Energy Agency (IEA). (2024). World Energy Outlook 2024. https://iea.blob.core.windows.net/
assets/47a9a222-78e4-4c43-9bab-977b4ad5326b/WorldEnergyOutlook2024.pdf.
296. International Energy Agency (IEA). (n.d.). Steel. https://www.iea.org/energy-system/industry/steel.
297. According to Wood Mackenzie.
298. Lempriere, M. (2023). Steel industry makes ‘pivotal’ shift towards lower-carbon production. Carbon Brief.
https://www.carbonbrief.org/steel-industry-makes-pivotal-shift-towards-lower-carbon-production/.
299. Accenture analysis based on International Energy Agency (IEA). (n.d.). Steel. https://www.iea.org/energy-system/industry/
steel; Mission Possible Partnership (MPP). (2022). Making Net-Zero Steel Possible. https://dash-analytiq.plotly.host/mpp-
steel-net-zero-explorer/.
300. Transition Pathway Initiative. (2024). Steel. https://www.transitionpathwayinitiative.org/sectors/aluminium.
301. Accenture analysis based on International Energy Agency (IEA). (n.d.). ETP Clean Energy Technology Guide.
https://www.iea.org/data-and-statistics/data-tools/etp-clean-energy-technology-guide; Mission Possible
Partnership (MPP). (2022). Making Net-Zero Steel Possible: An industry-backed, 1.5°C-aligned transition strategy.
https://3stepsolutions.s3-accelerate.amazonaws.com/assets/custom/010856/downloads/Making-Net-Zero-Steel-
possible-steel.pdf.
302. Accenture analysis based on Mission Possible Partnership (MPP). (2022). Steel: Pathways to Net Zero.
https://dash-analytiq.plotly.host/mpp-steel-net-zero-explorer/.
303. Ibid.
304. Lempriere, M. (2023). Steel industry makes ‘pivotal’ shift towards lower-carbon production. CarbonBrief.
https://www.carbonbrief.org/steel-industry-makes-pivotal-shift-towards-lower-carbon-production/#:~:text=According%20
to%20GEM’s%20Global%20Steel,by%20up%20to%2027%25.
305. Accenture analysis based on S&P Capital Pro data.
306. Accenture analysis based on Mission Possible Partnership (MPP). (2022). Making Net-Zero Steel Possible: An industry-
backed, 1.5° C-aligned transition strategy. https://3stepsolutions.s3-accelerate.amazonaws.com/assets/custom/010856/
downloads/Making-Net-Zero-Steel-possible-steel.pdf.
307. European Commission. (2024). Carbon Border Adjustment Mechanism. https://taxation-customs.ec.europa.eu/carbon-
border-adjustment-mechanism_en.
308. According to Wood Mackenzie.
309. International Energy Agency (IEA). (2024). World Energy Outlook 2024. https://iea.blob.core.windows.net/
assets/47a9a222-78e4-4c43-9bab-977b4ad5326b/WorldEnergyOutlook2024.pdf.
310. Accenture calculations based on International Energy Agency (IEA). (2024). World Energy Outlook 2024.
https://iea.blob.core.windows.net/assets/47a9a222-78e4-4c43-9bab-977b4ad5326b/WorldEnergyOutlook2024.pdf.
311. International Energy Agency (IEA). (2024). World Energy Outlook 2024. https://iea.blob.core.windows.net/
assets/47a9a222-78e4-4c43-9bab-977b4ad5326b/WorldEnergyOutlook2024.pdf.
312. World Steel. (2023). Sustainability Indicators 2023 Report. https://worldsteel.org/steel-topics/sustainability/sustainability-
indicators-2023-report/.
313. Ibid.
314. Mission Possible Partnership (MPP). (2022). Making Net-Zero Steel Possible. https://dash-analytiq.plotly.host/mpp-steel-
net-zero-explorer/.
315. Ibid.
316. BloombergNEF. (2023). Green Steel Demand is Rising Faster Than Production Can Ramp Up. https://about.bnef.com/
blog/green-steel-demand-is-rising-faster-than-production-can-ramp-up/.
317. Accenture analysis based on S&P Capital data.
318. Damodaran Online. (n.d.). Data: Current. https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datacurrent.html#.
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