Forging Consensus: The Path to a Global Green Steel Standard

​Forging Consensus: The Path to a Global Green Steel Standard will bring together experts and stakeholders across the industrial sector to discuss how a robust, science-based, and globally aligned green steel standard can accelerate industrial decarbonization. As efforts to decarbonize the sector intensify, a growing number of standards and initiatives have emerged, each seeking to define what constitutes “green steel.” Yet the absence of a unified, globally recognized standard risks creating fragmentation and confusion across markets. The dialogue will examine existing standards and initiatives across the value chain, identify key elements that should be defined, and discuss how a unified standard can guide effective policy tools, including green public procurement, subsidy schemes, and market incentives, to build a credible, transparent, and scalable market for green steel.

​We will also explore next steps, including how establishing a green steel standard can drive market creation through demand-side policies and how corporate commitments can send strong market signals, helping to balance supply and demand in the transition. 

​Session Highlights

​→ Comprehensive overview of current green steel standards and initiatives, highlighting gaps between supply- and demand-side approaches and identifying opportunities for alignment.

​→ Consensus on essential design principles for a global green steel standard – including carbon intensity metrics, boundary definitions (Scope 1, 2, and 3), and accounting methods that promote transparency and comparability.

​→ Shared vision for how an aligned standard can accelerate industrial transformation by linking policy instruments such as green public procurement, financing, and subsidies to strengthen market confidence and enable large-scale adoption of green steel.