At the 14th Clean Energy Ministerial (CEM), Brazil announced it has joined the Industrial Deep Decarbonisation Initiative (IDDI), a diverse coalition of governments and private sector organizations working to decarbonize heavy industries, starting with steel, cement and concrete.
Steel, cement and concrete account for just over 50% of all industrial emissions. Demand for these materials is expected to increase as many countries continue to industrialize.
In 2022, Brazilian steel production represented 2% of all global steel production. The addition of Brazil to the IDDI means the initiative now represents 19% of total global steel production.
The United Nations Industrial Development Organization (UNIDO) and the Clean Energy Ministerial (CEM) established the IDDI in 2021 to harness the immense purchasing power of governments to ignite a thriving market for low or near-zero emission steel, cement and concrete.
The IDDI aims to do this by establishing a collective approach to data collection and reporting on low and near-zero emission steel, cement and concrete, harmonizing global standards, and agreeing globally recognized public procurement targets and best practices.
The IDDI is led by India and the United Kingdom. Canada, Germany, Japan, Saudi Arabia, Sweden, the United Arab Emirates and the United States are members.