SINAI collaborated with the Bank of Montreal (BMO) to a) conduct an analysis of decarbonization opportunities for iron and steel production in North America, and b) assess the technological and commercial viability for the sector to achieve net zero. As a part of BMO’s climate ambition, they are committed to being their clients’ lead partner in the transition to a net-zero world, by identifying opportunities for their portfolio companies to reduce emissions, and support sustainable financing and impact investing.
The steel industry is one of the three largest industrial emitters of carbon dioxide globally. BMO collaborated with SINAI to perform an analysis of the sector due to its importance in the global economy. The results of this work were published in BMO Financial Group’s 2022 Climate Report.
SINAI’s Climate Team utilized public, industry-specific databases to model mitigation opportunities for the iron and steel sector. As BMO’s analysis focused mostly on North America, regional trends were utilized to develop a North America decarbonization scenario for the sector.
SINAI’s Low Carbon Scenarios module allows for detailed modeling of project-level financial and environmental impacts. Utilizing data from the public domain, cost and abatement estimates of key mitigation options for the iron and steel industry were modeled. This work allowed BMO to understand the impacts of these projects, as well as the financial investment required for implementation.
Para conseguir un balance neto cero a escala mundial, se necesitan estructuras de financiación innovadoras que proporcionen una mezcla de capital procedente del sector público, empresarial y financiero para avanzar en soluciones que actualmente no son económicas. Las instituciones financieras pueden desempeñar un papel clave en este proceso identificando oportunidades para que las empresas de su cartera reduzcan las emisiones, apoyando la financiación sostenible y la inversión de impacto, e invirtiendo en soluciones innovadoras para hacer frente al cambio climático. En la asociación del SINAI con BMO demostramos cómo las instituciones financieras pueden trabajar con empresas tecnológicas para identificar soluciones que ayuden a mitigar el impacto del cambio climático para las empresas de su cartera.
Empresa de fabricación y servicios públicos
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