Group of governments commit to green steel buying pledge: COP 26

November 10, 2021 / www.metalbulletin.com / Article Link

The governments of the United Kingdom, India, Germany and Canada have announced a pledge to purchase low carbon-emission steel under the Industrial Deep Decarbonization Initiative (IDDI), it was announced on Tuesday November 9.

The group of countries announced its intention to buy low-carbon steel and concrete at the UN Climate Change Conference, COP26, in Glasgow, with specific interim targets by 2030 expected to be revealed at the next meeting of the Clean Energy Ministerial (CEM) by mid-2022.
These two materials account for 14-16% of global energy-related CO2 emissions, making them some of the most carbon-intensive industrial materials on the planet.
Currently, the public procurement of steel and cement in these countries represents 25-40% of the domestic market. 

"To decarbonize the sector,...

Recent News

Gold stocks outpace flat large caps

January 19, 2026 / www.canadianminingreport.com

TSXV gold producers' output growth for Q4/25 mixed

January 19, 2026 / www.canadianminingreport.com

Rising metals price volatility over past month

January 12, 2026 / www.canadianminingreport.com

Gold stocks surge ahead of equities on metal price gain

January 12, 2026 / www.canadianminingreport.com

Base metals outlook for 2026 opaque after decent rise last year

January 07, 2026 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok