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Wood Mackenzie Interview - 2022

Interview with Anthony Knutson, Principal Analyst - Coal at Wood Mackenzie

Ahead of his presentation at Eurocoke this September, we spoke to Anthony to get an exclusive preview of his presentation on 'Longer term impacts to the global steel, met coal and coke industries under an accelerated energy transition (AET) scenario', and to get insights into what he thinks are the key industry challenges for 2022 and 2023. 

Anthony, please could you share a quick preview of what your presentation will cover?

My presentation will cover Wood Mackenzie's accelerated energy transition (AET-1.5) scenario work specifically for the global steel, coke and met coal industry. It is a scenario in which the rise in global temperatures since pre-industrial times is limited to 1.5°C by the end of this century. Carbon emissions align with the most ambitious goal of the 2015 Paris Agreement, and we reach global net zero by 2050.

There could be many potential pathways for getting there, and the 1.5°C scenario is our interpretation of the most plausible route, given the policy drivers, costs, consumer choices and technological innovation required. We do not assign a probability to the likelihood of any particular scenario being realised.

What do you think are the key challenges facing the industry in 2022 and 2023?

Being focused on the met coal industry, the biggest challenges I see is how coke oven operators and steel mills will manage tradeflow disruptions from the Russian invasion and subsequent EU coal ban in August. Another challenge for 2022/2023 is how the industry whethers the slowing global economy. 

What are you looking forward to at this year's Eurocoke Summit?

I’m looking forward to learning from the great set of speakers at the conference as well as expand my network. I chose the in-person route as I think it’s critical to meet people face to face to discuss our industry. 

Anthony will be presenting as part of the 'Decarbonisation and clean energy - what the future will hold' session at Eurocoke Summit 2022. Other presentations in the session include:

  • Lower-emissions steelmaking and metals production - Hector Forster, S&P Global Platts
  • Carbonisation process - pathway towards decarbonisation of the steel industry - Guilherme Gonçalves and Juliana Pohlmann, Tecnored
  • Carbon2Chem® - a cross-sectoral approach - Dr. Olaf van Morstein, Thyssenkrupp Industrial Solutions
  • The steel industry in Europe on the crossroad to carbon lean production; status, initiatives and challenges - André Oudhuis, Tata Steel
  • Indian Steel Industry COP 26 and technological challenges for Indian steel industry in the coming two decades - Ahmed Shah Firoz, Ministry of Steel, Govt of India