Policy and pricing barriers to steel industry decarbonisation: A UK case study

Global climate targets have highlighted the need for a whole-systems approach to decarbonisation, one that includes targeted national policy and industry specific change. Situated within this context, research examines pricing barriers decarbonisation of UK steel industry. Here techno-economic modelling green steelmaking provides technical contribution analysis solutions these in specifically, but also broader industrial literature. Estimated costs associated emissions projections reveal relevant opportunities contributing targets. Modelling demonstrates options been put at price disadvantages compared emissions-intensive incumbents fossil-free hydrogen-based has lower levelised than carbon capture storage options, including top gas recycling blast furnace (TGR-BF) with CCS, HIsarna smelter CCS. Two primary recommendations are made: removal discrepancies reductions electricity prices would level playing field producers UK. The considerations international community other efforts policies must accompany choices.