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Book-and-Claim Proposed as Fix for Green Steel's Geography Problem
Original: Green Steel’s Geography Problem Meets a Book-and-Claim Fixes
Green steel production is concentrated in a handful of regions, leaving buyers elsewhere unable to source low-carbon steel near their operations. A book-and-claim system, similar to schemes used in renewable energy certificates, would let companies purchase green steel attributes even when the physical material flows elsewhere. Industry observers are debating whether such accounting fixes can genuinely accelerate decarbonisation or risk diluting real emissions cuts.
Why now: Debate over whether book-and-claim accounting can make green steel accessible to buyers in regions without local production.
green steelbook-and-claim systemssteel industry
Evidence
- Green Steel’s Geography Problem Meets a Book-and-Claim Fixes · Environment+Energy Leader
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