"Financing Steel Decarbonization" is not a singular corporate entity but a critical area of focus for governments, financial institutions, and industry bodies worldwide. The mission is to mobilize the substantial capital required—estimated to be in the trillions of dollars—to replace carbon-intensive blast furnaces with green technologies like hydrogen-based direct reduced iron (DRI) and electric arc furnaces powered by renewable energy. Key organizations leading this initiative include the Rocky Mountain Institute (RMI) through its Center for Climate-Aligned Finance, the Mission Possible Partnership (MPP), and coalitions of banks under frameworks like the Net-Zero Steel Initiative. These efforts involve creating financial products, blended finance structures, and policy incentives to de-risk investments and accelerate the adoption of sustainable steelmaking processes.

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