Net Zero Industry Tracker 2024

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#. 319. European Commission. (n.d.). EU Emissions Trading System (EU ETS). https://climate.ec.europa.eu/eu-action/eu- emissions-trading-system-eu-ets_en. 320. International Carbon Action Partnership. (n.d.). USA - California Cap-and-Trade Program. https://icapcarbonaction.com/ en/ets/usa-california-cap-and-trade-program. 321. International Carbon Action Partnership. (n.d.). Korea Emissions Trading Scheme. https://icapcarbonaction.com/en/ets/ korea-emissions-trading-scheme. 322. International Carbon Action Partnership. (n.d.). China National ETS. https://icapcarbonaction.com/en/ets/china-national-ets. 323. European Commission. (2024). Carbon Border Adjustment Mechanism. https://taxation-customs.ec.europa.eu/carbon- border-adjustment-mechanism_en. 324. Climate Cooperation China. (2022). China issues Action Plan for Industrial Carbon Peaking by 2030. https://climatecooperation.cn/climate/china-issues-action-plan-for-industrial-carbon-peaking-by-2030/. 325. E3G. (n.d.). Growing clean steel in the UK. https://www.e3g.org/publications/growing-clean-steel-in-the-uk/. 326. U.S. Department of the Treasury. (n.d.). Inflation Reduction Act. https://home.treasury.gov/policy-issues/inflation- reduction-act. 327. European Commission. (n.d.). Research Fund for Coal and Steel. https://research-and-innovation.ec.europa.eu/funding/ funding-opportunities/funding-programmes-and-open-calls/research-fund-coal-and-steel-rfcs_en#:~:text=The%20 RFCS%20and%20the%20European,steel%2Dmaking%20processes%20by%202030. Net-Zero Industry Tracker: 2024 Edition 147