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Heltaher
Heltaher

Carbon Illusion

Key Insights
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  • The steel industry’s shift to “green steel” is often more about marketing than genuine environmental progress.
  • Many so-called green steel initiatives rely on unproven technologies and questionable carbon offset schemes.
  • The environmental benefits of green steel are frequently overstated, with significant emissions still associated with production.
  • True sustainability in steel production requires systemic changes, including supply chain transparency and rigorous third-party audits

References
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Arcelor Metal. (2023). Furnace and forge: An internal audit of environmental compliance in the European steel sector. Industrial Transparency Press.

DW Documentary. (2024, October 27). The dirty reality behind “green steel” [Video]. YouTube. https://www.youtube.com/watch?v=[Video-ID]

Forest Stewardship Council. (n.d.). Certification report findings.

Gerau, M. (2022). Spin cycle: Public relations, financial reporting, and the myth of corporate greenwashing. Oxford University Press.

Larsen, P., & Vale, S. (Eds.). (2023). The certification dilemma: Auditing sustainability from forestry to finance. Earthscan Publications.

Schmidt, A. (2024). The green industrial transition: Reports from the front line. Policy Press.

World Bank Group. (2023). Financing the transition: The World Bank’s role in green infrastructure and climate-resilient development. World Bank Publications.