According to a report from the think tank S-Curve Economics, state subsidies are needed for the global steel industry to transition and eliminate emissions. The report does not specify what types of subsidies are proposed or how much funding would be required for this transition. It also does not outline a timeline for eliminating emissions in the steel industry.
The current emission levels of the global steel industry and which countries or regions are the primary focus of the report remain unspecified. The findings highlight the financial challenges facing the industry as it seeks to reduce its environmental impact.