The role of international finance institutions in the transition to low-carbon

The role of international finance institutions in the transition to low-carbon steel production Aaron Maltais, Linus Linde, Felipe Sanchez and Gökçe Mete November, 2022 The role of international finance institutions in the transition to low-carbon steel production Key messages • International finance institutions (IFIs) have limited exposure to the steel sector because steel projects have not hist. [...] The interviews were designed to get a better understanding of the barriers IFIs face to advancing the transition of the steel sector and what opportunities they see for playing a larger role in the transition. [...] The IFC mentions investments in decarbonizing the steel sector as an example of the type of 11 The role of international finance institutions in the transition to low-carbon steel production investment they could make via a new fund, run by the venture capital firm The Engine, to scale up global technology solutions in emerging markets. [...] 12 The role of international finance institutions in the transition to low-carbon steel production 4.3 IFI perspectives on barriers and opportunities to invest in the steel transition Based on our interviews with selected IFIs we identified barriers that help to explain the limited exposure to the steel sector among IFIs over at least the past two decades. [...] 4.4 The size of the firms and investments involved One of the key reasons for IFI’s modest exposure to the steel sector can be explained by the types of companies involved in the sector and the size of the investments needed to develop steel production facilities.