The International Iron and Steel Institute Sample Clauses

The International Iron and Steel Institute. (IISI), representing some 180 steel- producing companies, including those from China, Russia and India, and representing more than 75% of global steel production (excluding China), proposed to replace cap-and-trade emissions trading regimes in May 2007 with a sector specific framework that, among other things, encourages the phase-out of obsolete technologies. The IISI has invited governments to support the steel industry’s long-term research initiatives for radical new technology solutions by encouraging demonstrations, and to engage with industry to develop reporting procedures (Jitsuhara, 2007). At the European level, the European Confederation of Iron and Steel Industries (EUROFER) has developed a methodology to calculate a ‘CO2 footprint’ on a life-cycle basis for relevant products, including all by-products (i.e. by including all indirect emissions), that are associated with steel production. While the explicit objective of the proposal is to establish a global steel credit-and-baseline trading scheme, the methodology, if accepted and used by all producers, would allow identification of the industry’s CO2 footprint. This in turn could be used for allocation in trading schemes or as a basis for domestic policies and measures worldwide (see EUROFER, 2007; Debruxelles, 2007).
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