Governance

Chair: Japan

Co-Chair: India

Asia-Pacific Partners account for more than 60% of global steel production, and production is expected to increase, with India and China leading the way. The aggregate amount of CO₂ emitted from the global steel industry has reached roughly two billion tons annually, accounting for approximately five percent of global man-made CO₂ emissions. The Steel Task Force has therefore significant potential to address CO₂ emissions and conserve energy by sharing information on clean technologies and by cooperating to implement such technologies. To enable these efforts, the Partnership will emphasize public-private cooperation to reduce or remove barriers to technology implementation.

Steel plays an essential role in meeting the challenges of sustainable development for the world in the 21^st century. Steel is used in every aspect of our lives, and is found in buildings, bridges, automobiles and trucks, food containers and medical devices, to name a few. Steel provides substantial direct employment in the Partner countries, and makes a significant direct contribution to the Partner countries' economies. Countless additional jobs and economic benefits are provided in supply and support activities including mining, capital equipment supply, utilities and many community industries.