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		<title>carbon emissions &#8211; Official POSCO Group Newsroom</title>
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            <title>carbon emissions &#8211; Official POSCO Group Newsroom</title>
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				<title>5 Reasons Why AHSS Tops the Market for Lightweight Auto Materials</title>
				<link>https://newsroom.posco.com/en/5-reasons-ahss-tops-market-lightweight-auto-materials/</link>
				<pubDate>Wed, 27 Sep 2017 10:36:16 +0000</pubDate>
				<dc:creator><![CDATA[posconews]]></dc:creator>
						<category><![CDATA[Business]]></category>
		<category><![CDATA[advanced high strength steel]]></category>
		<category><![CDATA[AHSS]]></category>
		<category><![CDATA[auto]]></category>
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		<category><![CDATA[carbon emissions]]></category>
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		<category><![CDATA[GM Korea]]></category>
		<category><![CDATA[Going Electric]]></category>
		<category><![CDATA[high-strength steel]]></category>
		<category><![CDATA[LCA]]></category>
		<category><![CDATA[life cycle approach]]></category>
		<category><![CDATA[life cycle assessment]]></category>
		<category><![CDATA[light steel]]></category>
		<category><![CDATA[lightweight]]></category>
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		<category><![CDATA[Renault Samsung Motors]]></category>
		<category><![CDATA[safety]]></category>
		<category><![CDATA[Ssangyong Motors]]></category>
		<category><![CDATA[steelyourweight]]></category>
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		<category><![CDATA[World Steel Association]]></category>
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									<description><![CDATA[World Auto Steel (WAS) kicked off its #Steelyourworld campaign to highlight the benefits of advanced high-strength steel (AHSS) as an automotive material. The]]></description>
																<content:encoded><![CDATA[<p><a href="http://www.worldautosteel.org/" target="_blank" rel="noopener"><span style="font-weight: 400;">World Auto Steel</span></a><span style="font-weight: 400;"> (WAS) kicked off its </span><a href="http://www.worldautosteel.org/worldautosteel-kicks-off-steelyourworld-campaign/" target="_blank" rel="noopener"><span style="font-weight: 400;">#Steelyourworld</span></a><span style="font-weight: 400;"> campaign to highlight the benefits of advanced high-strength steel (AHSS) as an automotive material. The first of the 4-part campaign is called </span><a href="http://www.worldautosteel.org/steelyourworld/steelyourweight/" target="_blank" rel="noopener"><span style="font-weight: 400;">#steelyourweight</span></a><span style="font-weight: 400;">, and covers one of the best features of AHSS &#8211; its light weight.  </span></p>
<p><iframe width="500" height="281" src="https://www.youtube.com/embed/679pOG39frk?start=1&#038;feature=oembed" frameborder="0" allow="autoplay; encrypted-media" allowfullscreen></iframe></p>
<p><span style="font-weight: 400;">Contrary to popular belief, mass reduction does not automatically equal fuel savings, especially when it comes to urban driving. There are other factors that determine the fuel efficiency of a vehicle such as driving cycle, vehicle size and its powertrain. Until recently, there was a  lack of variety in engine types and powertrains, so even though automakers reduced the weight of car frames, they could not apply a complementary engine or powertrain to the lighter parts. </span></p>
<p><span style="font-weight: 400;">So, have automakers been lightweighting for nothing?</span></p>
<p><span style="font-weight: 400;">Of course not, in the past decade alone, engines and powertrains have also become extremely efficient through advancements in start-stop-systems and downsizing, and newer options including hybrids, electric batteries and range extenders that now allow automakers to capitalize on their lightweight materials.</span></p>
<p><span style="font-weight: 400;">Although there are several lightweight materials, below are 5 reasons why AHSS continues to be the lightweight material of choice for automakers: </span></p>
<h2><b>1. Decision Makers Care About the Environment</b></h2>
<p><span style="font-weight: 400;">Well, not everyone, but many </span><a href="http://money.cnn.com/2017/09/11/autos/countries-banning-diesel-gas-cars/index.html" target="_blank" rel="noopener"><span style="font-weight: 400;">countries around the world</span></a><span style="font-weight: 400;"> have started the process to phase out gasoline and diesel-fueled cars, including India and China, the two largest automotive markets in the world. Governments are taking serious action against climate change and it will reflect in their policies. Automakers are choosing to lightweight their vehicles for </span><a href="https://newsroom.posco.com/en/automakers-look-to-steel-for-lower-co2-emissions/" target="_blank" rel="noopener"><span style="font-weight: 400;">lower emission rates</span></a><span style="font-weight: 400;"> with AHSS, because not only is AHSS lightweight, there are no trade-offs with other vital features such as safety and cost-effectiveness. </span></p>
<h2><b>2. Everyone’s Going Electric</b></h2>
<p><span style="font-weight: 400;">Globally, automakers are investing in electric vehicles (EVs) in line with national and international environmental policies. However, EVs still have a ways to go before they become the norm. EVs will face the same safety requirements as regular cars, but with the </span><a href="https://www.automotiveworld.com/analysis/automation-electrification-and-regulation-boost-demand-for-ahss/" target="_blank" rel="noopener"><span style="font-weight: 400;">added responsibility of protecting the battery</span></a><span style="font-weight: 400;"> and its flammable components during a crash.</span></p>
<p><a href="https://newsroom.posco.com/en/wp-content/uploads/2017/09/The-2017-BMW-i3-Electric-Battery.jpg" target="_blank" rel="noopener"><img class="aligncenter wp-image-12907" src="https://newsroom.posco.com/en/wp-content/uploads/2017/09/The-2017-BMW-i3-Electric-Battery-1024x724.jpg" alt="The 2017 BMW i3 Electric Battery" width="960" height="679" srcset="https://newsroom.posco.com/en/wp-content/uploads/2017/09/The-2017-BMW-i3-Electric-Battery-1024x724.jpg 1024w, https://newsroom.posco.com/en/wp-content/uploads/2017/09/The-2017-BMW-i3-Electric-Battery-800x566.jpg 800w, https://newsroom.posco.com/en/wp-content/uploads/2017/09/The-2017-BMW-i3-Electric-Battery-768x543.jpg 768w" sizes="(max-width: 960px) 100vw, 960px" /></a></p>
<p><span style="font-weight: 400;">In 2016 there were several car accidents involving the Tesla Model S, where leaked battery fluids caused fires. Automakers need to find a solution to make EVs as safe, and eventually, safer than traditional cars. As an innovative automotive material, </span><a href="https://newsroom.posco.com/en/posco-giga-steel-increases-strength-improves-safety-autos/" target="_blank" rel="noopener"><span style="font-weight: 400;">AHSS was built for safety</span></a><span style="font-weight: 400;">.</span></p>
<h2><b>3. Safety is Always First </b></h2>
<p><span style="font-weight: 400;">Safety is and should always be the number one priority for automakers, material providers and policymakers alike. Even with all the hype about autonomous driving and sensors, there is very little chance that policymakers will reverse the stringent safety regulations in place today. People want to feel safe, no matter what type of car they are getting into.  </span></p>
<div id="attachment_12906" style="width: 970px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en/wp-content/uploads/2017/09/Crash-Test.jpg" target="_blank" rel="noopener"><img class="wp-image-12906" src="https://newsroom.posco.com/en/wp-content/uploads/2017/09/Crash-Test-1024x616.jpg" alt="2016 Smart Fortwo and the Mercedes S Class clash head-on during a crash test." width="960" height="578" srcset="https://newsroom.posco.com/en/wp-content/uploads/2017/09/Crash-Test-1024x616.jpg 1024w, https://newsroom.posco.com/en/wp-content/uploads/2017/09/Crash-Test-800x481.jpg 800w, https://newsroom.posco.com/en/wp-content/uploads/2017/09/Crash-Test-768x462.jpg 768w" sizes="(max-width: 960px) 100vw, 960px" /></a><p class="wp-caption-text">2016 Smart Fortwo and the Mercedes S Class take part in a crash test (Source: <a href="http://www.greencarreports.com/news/1093399_2016-smart-fortwo-faces-mercedes-s-class-in-crash-test-video" target="_blank" rel="noopener">Green Car Reports</a>)</p></div>
<p><span style="font-weight: 400;">One possible material solution is </span><a href="https://newsroom.posco.com/en/posco-giga-steel-opens-door-future-auto-industry/" target="_blank" rel="noopener"><span style="font-weight: 400;">Complex Phase (CP) steel</span></a><span style="font-weight: 400;">, a type of POSCO GIGA STEEL for the vehicle’s side panels, bumper rails and door impact bars- the parts that determine the safety ratings of the vehicle. It has superior strength and shock-absorbing qualities, without the added weight of traditional high-strength materials, and that’s why carmakers such as </span><a href="https://newsroom.posco.com/en/gm-korea-posco-partnership-innovation/" target="_blank" rel="noopener"><span style="font-weight: 400;">GM Korea</span></a><span style="font-weight: 400;">, </span><a href="https://newsroom.posco.com/en/ask-expert-posco-giga-steel-frames-g4-rexton/" target="_blank" rel="noopener"><span style="font-weight: 400;">Ssangyong Motors</span></a><span style="font-weight: 400;"> and </span><a href="https://newsroom.posco.com/en/posco-giga-steel-goes-beyond-limits-traditional-lightweight-materials/" target="_blank" rel="noopener"><span style="font-weight: 400;">Renault Samsung Motors</span></a><span style="font-weight: 400;"> all use POSCO GIGA STEEL.</span></p>
<h2><b>4. Cost is Always Second</b></h2>
<p><span style="font-weight: 400;">This goes for automakers as well as drivers on the consuming end. Drivers want lower costs without compromising safety and performance ratings, and desire fuel efficiency- a major reason why automakers are lightweighting. </span></p>
<p><span style="font-weight: 400;">Some automakers choose alternative materials such as aluminum and carbon fiber to meet lightweight requirements to find that not only are the materials more costly over steel, factories need an equipment overhaul to work with them. Moreover, there are additional costs related to training employees to work with new materials, whereas all auto manufacturers are familiar with welding and forming steel.  </span></p>
<p><span style="font-weight: 400;">Take a look at this </span><a href="https://newsroom.posco.com/en/infographic-driving-future-posco-giga-steel/" target="_blank" rel="noopener"><span style="font-weight: 400;">infographic</span></a><span style="font-weight: 400;"> and see how AHSS stacks up against other lightweight materials in terms of cost and performance.  </span></p>
<h2><b>5. It’s Not Over Till It’s Over</b></h2>
<p><span style="font-weight: 400;">No two lightweight materials are the same when observed under the </span><a href="https://newsroom.posco.com/en/taking-life-cycle-approach-automotive-environmental-policy/" target="_blank" rel="noopener"><span style="font-weight: 400;">life-cycle approach</span></a><span style="font-weight: 400;">, a comprehensive life cycle assessment of a material’s automotive carbon emissions from production to disposal. Often times, the process of manufacturing lightweight materials and improved powertrains result in more carbon emissions than they are saving.</span></p>
<div id="attachment_12908" style="width: 970px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en/wp-content/uploads/2017/09/Vehicle-Life-Assessment.png" target="_blank" rel="noopener"><img class="wp-image-12908" src="https://newsroom.posco.com/en/wp-content/uploads/2017/09/Vehicle-Life-Assessment-1024x728.png" alt="The life cycle assessment can be used to determine the carbon output of a vehicle." width="960" height="683" srcset="https://newsroom.posco.com/en/wp-content/uploads/2017/09/Vehicle-Life-Assessment-1024x728.png 1024w, https://newsroom.posco.com/en/wp-content/uploads/2017/09/Vehicle-Life-Assessment-800x569.png 800w, https://newsroom.posco.com/en/wp-content/uploads/2017/09/Vehicle-Life-Assessment-768x546.png 768w" sizes="(max-width: 960px) 100vw, 960px" /></a><p class="wp-caption-text">The life cycle assessment can be used to determine the carbon output of a vehicle. (Source: <a href="http://www.worldautosteel.org/life-cycle-thinking/" target="_blank" rel="noopener">World Auto Steel</a>)</p></div>
<p><span style="font-weight: 400;">At the end of the day, steel has the lowest production-related emissions and can be recycled at the end of its lifecycle. Steel remains the most recycled material because it can be reapplied in different forms almost infinitely. </span></p>
<p><span style="font-weight: 400;">Automakers are increasingly incorporating lightweight materials to their new models. Although competition for the greatest market share of lightweight materials is fierce, AHSS is by far the leading material when it comes to lightweight solutions. According to </span><a href="http://www.mckinsey.com/" target="_blank" rel="noopener"><span style="font-weight: 400;">McKinsey &amp; Company&#8217;s</span></a> <i><span style="font-weight: 400;">Lightweight, Heavy Impact</span></i><span style="font-weight: 400;"> report, the percentage of high-strength materials used for cars will increase to 38 percent by 2030, compared to 15 percent in 2010. Steel continues to evolve according to the changing demands of the auto market, and for now, there is no other multi-solution material that can compete. </span></p>
<p><span style="font-weight: 400;">Cover photo courtesy of </span><a href="http://www.wallanhyundai.com/WW/WW/Showroom/Cars/Azera/safety/" target="_blank" rel="noopener"><span style="font-weight: 400;">Hyundai</span></a><span style="font-weight: 400;">.</span></p>
<p>&nbsp;</p>
<p><strong><a href="https://newsroom.posco.com/en/subscribe/" target="_blank" rel="noopener"><b>Don</b><b><span lang="EN-US">’</span></b><b>t miss any of the exciting stories from The Steel Wire </b><b><span lang="EN-US">–</span></b><b> subscribe via email today</b></a>.</strong></p>
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				<title>Game Changers in Aviation that Will Empower the Way We Fly</title>
				<link>https://newsroom.posco.com/en/game-changers-aviation-will-empower-way-fly/</link>
				<pubDate>Fri, 18 Aug 2017 10:49:58 +0000</pubDate>
				<dc:creator><![CDATA[posconews]]></dc:creator>
						<category><![CDATA[Steel Matters]]></category>
		<category><![CDATA[3d printed airplane]]></category>
		<category><![CDATA[3d printed engine]]></category>
		<category><![CDATA[3d printed titanium]]></category>
		<category><![CDATA[3d printing]]></category>
		<category><![CDATA[aircraft]]></category>
		<category><![CDATA[airplane]]></category>
		<category><![CDATA[airplane engine]]></category>
		<category><![CDATA[airplane technology]]></category>
		<category><![CDATA[airplane wings]]></category>
		<category><![CDATA[aviation]]></category>
		<category><![CDATA[carbon emissions]]></category>
		<category><![CDATA[Cessna Denali]]></category>
		<category><![CDATA[Dr Jennifer Holmgren]]></category>
		<category><![CDATA[engine]]></category>
		<category><![CDATA[engineering]]></category>
		<category><![CDATA[green jet fuel]]></category>
		<category><![CDATA[industry]]></category>
		<category><![CDATA[international civil aviation organisation]]></category>
		<category><![CDATA[international civil aviation organization]]></category>
		<category><![CDATA[lightweight]]></category>
		<category><![CDATA[NASA]]></category>
		<category><![CDATA[partnership]]></category>
		<category><![CDATA[research]]></category>
		<category><![CDATA[steel 3d printing]]></category>
		<category><![CDATA[steel mill]]></category>
		<category><![CDATA[steel production]]></category>
		<category><![CDATA[Textron Aviation]]></category>
		<category><![CDATA[Virgin Atlantic]]></category>
									<description><![CDATA[With the International Civil Aviation Organisation calling on the aviation industry to reduce its carbon footprint, a host of aircraft manufacturers are]]></description>
																<content:encoded><![CDATA[<p><span style="font-weight: 400;">With the </span><a href="https://www.edie.net/news/6/Aviation-industry-urged-to-use-forward-looking-solutions-to-combat-climate-change/" target="_blank" rel="noopener"><span style="font-weight: 400;">International Civil Aviation Organisation</span></a><span style="font-weight: 400;"> calling on the aviation industry to reduce its carbon footprint, a host of aircraft manufacturers are turning to innovative and efficient solutions. </span><span style="font-weight: 400;">Read on to find out about some of the most innovative aviation projects that recently took off in an effort to find greener and more efficient ways to fly. </span></p>
<h2><b>Textron Aviation 3D-Printed Engine </b></h2>
<p><span style="font-weight: 400;">With the rise of new technologies, innovative ideas in the aviation industry are taking off in an effort to streamline manufacturing processes and improve the aircraft performance. In 2016, Textron Aviation unveiled its new 10-person business aircraft, </span><a href="http://cessna.txtav.com/turboprop/denali" target="_blank" rel="noopener"><span style="font-weight: 400;">the Cessna Denali</span></a><span style="font-weight: 400;">, powered by a propeller engine that consists of 3D-printed titanium and steel components. </span></p>
<div id="attachment_12671" style="width: 650px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en/wp-content/uploads/2017/08/Cessna-Denali.png" target="_blank" rel="noopener"><img class="wp-image-12671 size-large" src="https://newsroom.posco.com/en/wp-content/uploads/2017/08/Cessna-Denali-1024x805.png" alt="Textron Aviation’s 10-person business aircraft, the Cessna Denali, is powered by a propeller engine that consists of 3D-printed titanium and steel components" width="640" height="503" srcset="https://newsroom.posco.com/en/wp-content/uploads/2017/08/Cessna-Denali-1024x805.png 1024w, https://newsroom.posco.com/en/wp-content/uploads/2017/08/Cessna-Denali-800x629.png 800w, https://newsroom.posco.com/en/wp-content/uploads/2017/08/Cessna-Denali-768x604.png 768w" sizes="(max-width: 640px) 100vw, 640px" /></a><p class="wp-caption-text">The Cessna Denali’s propeller engine that consists of 3D-printed titanium and steel components (Source: Textron Aviation)</p></div>
<p><b></b><span style="font-weight: 400;">The engine, which was developed by GE and Textron Aviation after a decade of research and development, features the benefits of a private jet but at an entry-level price. Engineers were able to reduce </span><a href="http://www.ge.com/reports/mad-props-3d-printed-airplane-engine-will-run-year/" target="_blank" rel="noopener"><span style="font-weight: 400;">855 separate parts down to just 12 components</span></a><span style="font-weight: 400;"> and also reduced the number of steps to make the engine. </span></p>
<p><span style="font-weight: 400;">There are numerous benefits that come with this 3D-printed engine. As 3D-printed parts and materials weigh significantly less than traditional parts, airline manufacturers can benefit from fuel-efficiency gains. The engine can burn up to 20 percent less fuel and achieve 10 percent more power compared to other engines of the same class. Also, the engine eliminates the risk of losses and leakage as the 3D-printed parts have no joints. A test flight is planned to take place in early 2018. </span></p>
<h2><b>Virgin Atlantic Green Jet Fuel</b></h2>
<p><span style="font-weight: 400;">As major contributors of carbon emissions, more and more airlines are choosing to go cleaner and greener. In partnership with LanzaTech, Virgin Atlantic has derived 1,500 gallons of low carbon jet fuel from waste industrial gases from steel mills. The carbon used to make the fuel, Lanzanol, is made from ethanol, which is captured through a fermentation process during steel production.</span></p>
<div id="attachment_12670" style="width: 650px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en/wp-content/uploads/2017/08/Atlantic-jet-fuel.jpg" target="_blank" rel="noopener"><img class="wp-image-12670 size-full" src="https://newsroom.posco.com/en/wp-content/uploads/2017/08/Atlantic-jet-fuel.jpg" alt="A partnership between Virgin Atlantic and Lanza Tech successfully produced a low carbon Jet fuel made out of waste gases from steel mills." width="640" height="360" /></a><p class="wp-caption-text">Virgin Atlantic’s Jet fuel made out of waste gases from steel mills (Source: Virgin Atlantic)</p></div>
<p>This innovative low carbon fuel project is expected to reduce the aviation industry’s reliance on oil. According to LanzaTech, the process could be retrofitted to 65 percent of the world’s steel mills, producing 30 billion gallons of ethanol worldwide. It will ultimately cut emissions by 65 percent compared to using standard petroleum-based fuel.</p>
<p><span style="font-weight: 400;">Dr Jennifer Holmgren, chief executive of LanzaTech, said “We can now truly imagine a world where a steel mill can not only produce the steel for the components of the plane but also recycle its gases to produce the fuel that powers the aircraft.”</span></p>
<p><span style="font-weight: 400;">Other airlines are also turning to greener solutions. While Airbus is collaborating with Siemens to introduce a range of </span><a href="https://www.edie.net/news/8/Airbus-and-Boeing-take-flight-in-aviation-innovation-push/" target="_blank" rel="noopener"><span style="font-weight: 400;">hybrid passenger planes</span></a><span style="font-weight: 400;">, Boeing is working with NASA to curb emissions through </span><a href="https://www.nasa.gov/image-feature/ames/slimmed-down-aircraft-wing-expected-to-reduce-fuel-and-emissions-by-50/" target="_blank" rel="noopener"><span style="font-weight: 400;">slimmed down aircraft wings</span></a><span style="font-weight: 400;">. </span></p>
<p><span style="font-weight: 400;">Thanks to these innovative aviation projects taking off, commercial jets are becoming greener and more technologically advanced. If engineers can make 3D-printed parts to lightweight an engine and use waste from steel mills to fuel planes, one can only wonder what forthcoming innovations will further empower the aviation industry.</span></p>
<p>&nbsp;</p>
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					<item>
				<title>Sustainability Report on the Steel Industry Highlights Gaps and Strengths</title>
				<link>https://newsroom.posco.com/en/sustainability-report-steel-industry-highlights-gaps-strengths/</link>
				<pubDate>Thu, 29 Jun 2017 10:55:50 +0000</pubDate>
				<dc:creator><![CDATA[posconews]]></dc:creator>
						<category><![CDATA[POSCO Reports]]></category>
		<category><![CDATA[Carbon Disclosure Project]]></category>
		<category><![CDATA[carbon emissions]]></category>
		<category><![CDATA[CDP]]></category>
		<category><![CDATA[CDP report]]></category>
		<category><![CDATA[Corporate Knights Global]]></category>
		<category><![CDATA[development]]></category>
		<category><![CDATA[environment]]></category>
		<category><![CDATA[FINEX]]></category>
		<category><![CDATA[GHG]]></category>
		<category><![CDATA[green energy]]></category>
		<category><![CDATA[Paris Agreement]]></category>
		<category><![CDATA[POSCO]]></category>
		<category><![CDATA[recycling]]></category>
		<category><![CDATA[steel companies]]></category>
		<category><![CDATA[steel industry]]></category>
		<category><![CDATA[sustainability]]></category>
		<category><![CDATA[Sustainability Report]]></category>
		<category><![CDATA[sustainable manufacturing]]></category>
		<category><![CDATA[Sustainable production]]></category>
		<category><![CDATA[sustainable steel production]]></category>
		<category><![CDATA[technology]]></category>
									<description><![CDATA[The steel industry currently contributes around 6-7% of global greenhouse gas (GHG) emissions, considered by many to be one of the main causes of global]]></description>
																<content:encoded><![CDATA[<p><span style="font-weight: 400;">The steel industry currently contributes around 6-7% of global greenhouse gas (GHG) emissions, considered by many to be one of the main causes of global warming. While many governments and businesses around the world remain committed making the appropriate changes to their production lines to see no more than a 2 degrees Celsius increase, the steel industry is lagging behind other industries in developing methods to meet these goals. </span></p>
<p><span style="font-weight: 400;">In its October 2016 “Nerve of Steel” report, the Carbon Disclosure Project, or CDP, found that steel companies had quite a ways to go in order to meet targets set by the Paris Agreement &#8211; the industry as a whole would need to reduce emissions by 70% by 2050. While their report found that most companies were not doing enough to meet these targets, some companies, like POSCO, have been forging ahead with new technologies for more sustainable production. </span></p>
<h2><b>Why are Reductions in Carbon Emissions Important? </b></h2>
<p><span style="font-weight: 400;">In 2015, nations around the world met at the United Nations Climate Change Conference to negotiate the Paris Agreement. The goals of the Paris Agreement were to keep global warming below 2 degrees Celsius while also calling for zero net GHG emissions in the second half of the 21st century. </span></p>
<p><span style="font-weight: 400;">A 2-degree increase in global temperature is generally agreed upon by scientists to be the tipping point at which numerous problems arise including droughts, floods, and reductions in crop yields. However, many scientists also believe that if carbon emissions are not curbed quickly, and drastically, temperatures could </span><a href="http://data.huffingtonpost.com/2015/11/two-degrees-will-change-the-world" target="_blank" rel="noopener"><span style="font-weight: 400;">rise by almost 6 degrees Celsius this century</span></a><span style="font-weight: 400;">.</span></p>
<p><span style="font-weight: 400;">Due to the increasing urgency of curbing emissions, governments, businesses, and policymakers around the globe are working to find ways to cut GHG. To help inform this process, CDP transforms environmental performance data from cities, states, and businesses into </span><a href="https://www.cdp.net/en/articles/media/steel-companies-need-tech-transformation" target="_blank" rel="noopener"><span style="font-weight: 400;">detailed analysis on critical environmental risks, opportunities and impacts</span></a><span style="font-weight: 400;">. </span></p>
<p>[clickToTweet tweet=&#8221;The CDP’s “Nerves of Steel” report shows how industry leaders like POSCO are leading the way toward more sustainable development.&#8221; quote=&#8221;The CDP’s “Nerves of Steel” report shows how industry leaders like POSCO are leading the way toward more sustainable development.&#8221; theme=&#8221;style6&#8243;]</p>
<p><span style="font-weight: 400;">Their “Nerves of Steel” report on the steel industry’s work to cut GHG emissions found few bright spots. The industry as a whole continues to be the main contributor of global carbon emissions with only a few companies, like POSCO, stepping forward to create more sustainable steel production technologies.    </span></p>
<h2><b>Objectives and Findings of the CDP Report</b></h2>
<p><span style="font-weight: 400;">CDP’s “Nerves of Steel” report found that overall progress in reducing emissions and energy use was limited and uneven across the industry. They found that in the past seven years more companies had increased their emissions intensity and energy intensity than had reduced them. Because of this lack of progress, they found that the steel industry was responsible for between 6-7% of total global emissions. Also, in order to meet Paris Agreement objectives, the industry as a whole would need to reduce emissions by a staggering 70% by 2050.  </span></p>
<p><span style="font-weight: 400;">Drew Fryer, a Senior Analyst at Investor Research at CDP </span><a href="https://www.cdp.net/en/articles/media/steel-companies-need-tech-transformation" target="_blank" rel="noopener"><span style="font-weight: 400;">noted that </span></a><span style="font-weight: 400;">“The steel industry will have to play a huge part in achieving the 2-degree scenario laid out in the Paris Agreement. However, there has been no progress in reducing its emissions over the past decade. Steelmakers need to prioritize funding of a technology transformation to reduce emissions in order to ensure targets are met.”</span></p>
<p><span style="font-weight: 400;">Despite the grim outlook on the industry as a whole, CDP did highlight several companies that were working hard toward creating more sustainable steel production technology &#8211; among those top performers were POSCO, SSAB, ThyssenKrupp, and Hyundai Steel. See the table below for a full listing of CPD’s rankings. </span></p>
<p><a href="https://newsroom.posco.com/en/wp-content/uploads/2017/06/Condensed-summary-of-the-League-Table-for-steel-companies-1.png" target="_blank" rel="noopener"><img class="aligncenter wp-image-12328 size-full" src="https://newsroom.posco.com/en/wp-content/uploads/2017/06/Condensed-summary-of-the-League-Table-for-steel-companies-1.png" alt="Condensed summary of the League Table for steel companies" width="1709" height="796" srcset="https://newsroom.posco.com/en/wp-content/uploads/2017/06/Condensed-summary-of-the-League-Table-for-steel-companies-1.png 1709w, https://newsroom.posco.com/en/wp-content/uploads/2017/06/Condensed-summary-of-the-League-Table-for-steel-companies-1-800x373.png 800w, https://newsroom.posco.com/en/wp-content/uploads/2017/06/Condensed-summary-of-the-League-Table-for-steel-companies-1-768x358.png 768w, https://newsroom.posco.com/en/wp-content/uploads/2017/06/Condensed-summary-of-the-League-Table-for-steel-companies-1-1024x477.png 1024w" sizes="(max-width: 1709px) 100vw, 1709px" /></a></p>
<h2><b>How POSCO is Leading the Steel Industry in Sustainable Steel Production</b></h2>
<p><span style="font-weight: 400;">CDP ranked POSCO first among all steelmakers for its work to produce steel through more sustainable processes. They noted that POSCO performed strongly across most key areas with below average emissions intensity. Also, unlike several other steelmakers, POSCO demonstrated an ability to reduce its emissions intensity significantly in recent years. </span></p>
<p>[clickToTweet tweet=&#8221;POSCO’s work to limit emissions has proven that more sustainable production can also be more competitive.&#8221; quote=&#8221;POSCO’s work to limit emissions has proven that more sustainable production can also be more competitive.&#8221; theme=&#8221;style6&#8243;]</p>
<p><span style="font-weight: 400;">While the report placed a strong focus on the industry not focusing on targets to limit global warming (six out of the 14 companies did not even publish targets beyond 2016), CDP noted that POSCO’s targets remain consistent with the goal to cut emissions significantly enough to reach the Paris Agreement objectives. </span></p>
<p><span style="font-weight: 400;">In particular, CDP highlighted </span><a href="https://newsroom.posco.com/en/discover-the-tech-making-steel-more-sustainable-finex/" target="_blank" rel="noopener"><span style="font-weight: 400;">POSCO’s FINEX technology</span></a><span style="font-weight: 400;"> that was developed and commercialized to provide incremental emissions reductions from steelmaking by eliminating sintering and coke oven processes. They also noted that the technology has the potential to be combined with </span><a href="https://www.globalccsinstitute.com/insights/authors/dennisvanpuyvelde/2013/08/23/ccs-iron-and-steel-production" target="_blank" rel="noopener"><span style="font-weight: 400;">carbon capture &amp; storage</span></a><span style="font-weight: 400;"> (CCS) due to high concentrations of CO2 in waste gases, POSCO’s other active projects to separate and capture CO2, and their early stage work on carbon capture &amp; use (CCU) and hydrogen-based steelmaking.</span></p>
<div id="attachment_12125" style="width: 1310px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en//wp-content/uploads/2017/06/POSCO-Gets-“Smart”-with-Pohang-Blast-Furnace-No.3-e1497404677822.jpg" target="_blank" rel="noopener"><img class="wp-image-12125 size-full" src="https://newsroom.posco.com/en//wp-content/uploads/2017/06/POSCO-Gets-“Smart”-with-Pohang-Blast-Furnace-No.3-e1497404677822.jpg" alt="Ladle charging: moving hot metal to a basic oxygen furnace to make steel" width="1300" height="549" /></a><p class="wp-caption-text">POSCO’s technological advancements in sustainable steel production have helped it reduce emissions while becoming more competitive.</p></div>
<p><span style="font-weight: 400;">In addition to these developments, POSCO continues its work to make its factories run smarter and more efficiently. </span><a href="https://newsroom.posco.com/en/3-companies-leading-iiot-sustainable-production/" target="_blank" rel="noopener"><span style="font-weight: 400;">AI and IIoT technology </span></a><span style="font-weight: 400;">are helping to improve product quality for POSCO’s customers while also reducing waste and pollution. In addition, to be recognized by CDP as a leader in the steel industry, POSCO’s efforts have also been recognized by the </span><a href="https://newsroom.posco.com/en/siemens-posco-bmw-top-industry-sustainability-index/" target="_blank" rel="noopener"><i><span style="font-weight: 400;">Corporate Knights’</span></i><span style="font-weight: 400;"> Global 100 list</span></a><span style="font-weight: 400;"> (#1 in Metals and Mining), and they have also been </span><a href="https://newsroom.posco.com/en/posco-listed-djsi-12-consecutive-years-first-world-steel-industry/" target="_blank" rel="noopener"><span style="font-weight: 400;">listed on the Dow Jones Sustainability Index</span></a><span style="font-weight: 400;"> for 12 straight years. </span></p>
<p><span style="font-weight: 400;">As the world works toward hitting emission reduction targets, governments, policymakers, and industry leaders must step forward to lead. POSCO’s work to limit emissions has proven that more sustainable production can also be more competitive.</span></p>
<p>*Cover image courtesy of the <a href="http://www.worldsteel.org/" target="_blank" rel="noopener">World Steel Association</a></p>
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