In response to our role in reducing Aotearoa New Zealand’s carbon emissions – we’re in the process of developing the world’s first comprehensive steel product offset calculator.
This is part of our steel product carbon offset program – Tātaitai Puhanga Waro (mo te Hua Rino), which has been developed to provide a robust carbon offsetting program for steel products in New Zealand.
Reducing the steel industry’s emissions is a big challenge. This is because carbon is primarily used in the steel making process as a reductant (rather than a fuel). And currently, no commercially viable alternative exists for coal as the reductant in steel making.
Until such an alternative is developed, it is important for the industry to utilise carbon offsetting as a mechanism to reduce net emissions.