Japan Steel Industry Holds Heat Trapping Gas Emission Credit at 44MT

Japanese steel industry held a credit for heat trapping gas emission at 44 million tonnes or 8.8 million tonnes of carbon dioxide per year along with Kyoto protocol mechanism such as clean development mechanism (CDM). The credit equals to carbon dioxide reduction by 4.3% compared with fiscal 1990 ended March 1991, a standard year for the industry’s self-motivating action program. Japanese integrated steel makers are acquiring more credits for heat trapping gas emission to clear the self-motivating action program.Japanese steel industry aims to reduce energy consumption by 10% in fiscal 2010 compared with fiscal 1990 with estimation for domestic crude steel output at 100 million tonnes per year. However, the actual crude steel production has exceeded the assumed level. Japanese steel makers seeks severer energy saving and utilizes Kyoto mechanism.The industry gained a credit for heat trapping gas emission of 44 million tonnes or 8.8 million tonnes of carbon dioxide for 2008-2012 which is the first phase of Kyoto Protocol. The credit volume widely increased from the previous announce in January 2007 which was 2.8 million tonnes or 5.6 million tonnes of carbon dioxide.Integrated steel makers gained 43-million-tonne credit by providing coke dry quenching (CDQ) to Chinese steel makers and sinter exhaust heat recovery technology to Philippines makers. The rest 1 million tonnes were gained by that Japanese Iron & Steel Federation invested for Bio Carbon Fund and Japan GHG Reduction Fund.Japanese steel industry decreased energy consumption by 5.2% and carbon dioxide emission by 5.1% in fiscal 2006 from fiscal 1990 despite of increasing crude steel output by 5.4%.