| Description: |
This research explores the transition of the Brazilian steel industry to a low-carbon economythrough the analysis of two scenarios: one incorporating existing technologies and anotherleveraging hydrogen for enhanced emissions mitigation. Results indicate a potential 80% and90% reduction in emissions, respectively, accompanied by positive economic impacts. Bothscenarios foresee increased employment (300-333k jobs) and a rise in GDP (0.28%-0.32%). Thestudy underscores the feasibility of achieving substantial emission reductions with availabletechnologies, contributing crucial insights for policy formulation. The necessity of instrumentslike carbon pricing, infrastructure investment, and research and development is highlighted tofacilitate this transition. Overall, the research emphasizes the positive synergy betweenenvironmental goals and economic growth in the pursuit of a net-zero economy. |