Environmental and Economics impacts of the emission reduction in the Steel industry sector in Brazil

This research explores the transition of the Brazilian steel industry to a low-carbon economy
through the analysis of two scenarios: one incorporating existing technologies and another
leveraging hydrogen for enhanced emissions mitigation. Results indicate a potential 80% and
90% reduction in emissions, respectively, accompanied by positive economic impacts. Both
scenarios foresee increased employment (300-333k jobs) and a rise in GDP (0.28%-0.32%). The
study underscores the feasibility of achieving substantial emission reductions with available
technologies, contributing crucial insights for policy formulation. The necessity of instruments
like carbon pricing, infrastructure investment, and research and development is highlighted to
facilitate this transition. Overall, the research emphasizes the positive synergy between
environmental goals and economic growth in the pursuit of a net-zero economy.