What is the Near-Zero Steel 2030 Challenge?

The Near-Zero Steel 2030 Challenge is an innovation initiative launched by the World Economic Forum's First Movers Coalition during New York Climate Week, calling on businesses globally to commit to producing and purchasing near-zero emissions steel by 2030. The challenge connects companies interested in purchasing near-zero steel with producers that have the capability or interest in producing it, while also linking steel suppliers to climate tech companies specializing in enabling technologies like hydrogen, renewable energy, and carbon capture.

Who is organizing the Near-Zero Steel 2030 Challenge?

The Near-Zero Steel 2030 Challenge is organized by the World Economic Forum's First Movers Coalition, an alliance of global companies using their purchasing power to create early markets for innovative clean technologies in hardest to abate sectors. The challenge runs on the Greenhouse Challenge Platform, which is designed and hosted by Greenhouse, Australia's climate action ecosystem.

What are the purchasing commitments for the Near-Zero Steel 2030 Challenge?

FMC steel members participating in the challenge are committing to purchasing near-zero steel for at least 10 percent of their steel purchases by 2030, demonstrating a significant commitment to reducing emissions in the steel industry.

WEF & Greenhouse Launch ‘Near-Zero Steel 2030 Challenge’