IAM COMPACT - Expanding Integrated Assessment Modelling: Comprehensive and Comprehensible Science for Sustainable, Co-Created Climate Action

Part of EU Open Research Repository
Published June 27, 2025 | Version v1
Project deliverable Open

IAM_COMPACT_D4.8_Sectoral_and_cross-sectoral_analysis_Update

Authors/Creators

  • 1. ROR icon Wuppertal Institute for Climate, Environment and Energy
  • 2. ROR icon CICERO Center for International Climate Research
  • 3. ROR icon Imperial College London
  • 4. ROR icon Basque Centre for Climate Change
  • 5. ROR icon Politecnico di Milano
  • 6. Politecnico di Milano Dipartimento di Energia

Description

This report covers the results of Task 4.4, 'Sectoral and Cross-Sectoral Analysis', of the IAM COMPACT project. First, it presents the findings of Study 9 of the 2nd cycle of the project’s Policy Response Mechanism (PRM2) on the decarbonisation of the EU steel industry, which builds upon the findings of Study 4 of PRM1. The report analyses the influence of various policy instruments, such as the Carbon Border Adjustment Mechanism (CBAM), trade of direct reduced iron (DRI), and subsidies for green steel production, on the relocation of iron and steel production, as well as on costs and emissions. To do so, it utilises several modelling frameworks, including GCAM, MARIO and ITOM. Second, it documents a study building on six scenarios aimed at examining the impact of financing costs on global hydrogen markets, trade flows, and hydrogen-related investments in the year 2050.

Files

D4.8 Sectoral and cross-sectoral analysis - Update_v1.00_SUBMITTED.pdf

Files (19.2 MB)

Additional details

Related works

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Project deliverable: 10.5281/zenodo.13839232 (DOI)

Funding

European Commission
IAM COMPACT - Expanding Integrated Assessment Modelling: Comprehensive and Comprehensible Science for Sustainable, Co-Created Climate Action 101056306