Energy & Water
What is happening? MPP is “an alliance of leading organizations working to decarbonize hard-to-abate industries, presented two new STS reports for aluminum and ammonia, and an updated steel strategy.” 200 MPP members have agreed to reduce carbon emissions at some of world’s hardest-to-abate, carbon-intensive industries.
Why is this important? The industry is showing “growing momentum among high-ambition companies, including steelmakers ArcelorMittal, Companhia Siderúrgica Nacional (CSN), Liberty Steel, SSAB, Rio Tinto, Tata Steel, thyssenkrupp and Vale; aluminum producers Alcoa, Rio Tinto and EGA; and in the ammonia sector, CF Industries, BASF, SABIC and Yara, as well as renewable energy providers Ørsted, Iberdrola and ACWA Power” to reduce emissions.
How will this be important? This agreement follows with “real-economy milestones – for clean energy, new or retrofitted industrial plants, and policy reform to meet sectoral carbon budgets aligned to the Paris Agreement goal to curb global heating to 1.5 degrees above pre-industrial levels by 2050.”
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