cover image: March 2024 Working Paper - The Political Economy of Steel Decarbonization

20.500.12592/547df78

March 2024 Working Paper - The Political Economy of Steel Decarbonization

20 Mar 2024

The Green Steel Transition To drive a successful decarbonization of the steel industry we have to start with an understanding of (i) why steel is important to local and national economies; (ii) how existing steel production has aected communities; and (iii) the technological and social challenges and opportunities involved in the decarbonization of the industry. [...] The path-dependency from corporate actors in the US is striking in the context of the new and contemplated public resources and policy frameworks that have emerged in recent years to enable the transition of the steel industry toward more sustainable models. [...] Prospects andChallenges of the Green Steel Transition in Dearborn, MI Immediately adjacent to Detroit and just across the bridge from Canada, the community of Dearborn, Michigan, illustrates the urgency of a green steel transition—both as a means of resolving tensions between the costs and benefits of steel production and as a means of ensuring the long-term survival of the local steel industry. [...] However, the local and societal benefits of steel production in Dearborn have come at significant cost to the health and well-being of the community, including low-income, predominantly Arab families, many of whom are immigrants and refugees, living on the fenceline and in the vicinity of industrial facilities for decades (not to mention those aected by the production of inputs along the rest of t. [...] In other words, the story of Dearborn's economy is part of a larger story about the rise and decline of the automotive industry in the United States; the rise of emerging economies in the 20th century—namely the industrial development of Russia, China, India, Korea, Taiwan, and Japan and their growing role in the steel and automotive sectors; and finally, competitive pressures from highly industri.
Pages
49
Published in
United States of America