SFOC feed

🚗🏭 Clean cars need clean steel. Steel may not seem like the most obvious part of the auto transition, but it is one of the most important. It makes up a major share of every vehicle and carries significant emissions long before a car reaches the road. Yet it remains one of the least transparent parts of automakers’ climate footprint. 📉 That matters even more now. As carbon-related trade rules tighten, emissions data is becoming a market issue, not just a reporting one. CBAM is already increasing pressure across carbon-intensive value chains, and proposed expansion to downstream products, including cars, could push that pressure further into automotive supply chains. ⚠️That creates different risks for different players. For carmakers, weak supplier data makes it harder to understand exposure, manage sourcing decisions, and back up climate claims. For steelmakers, verified emissions data can become a significant competitive advantage. For investors, poor disclosure makes it harder to judge which companies are truly prepared for the transition. Lead The Charge 2026 shows the gap clearly: steel-specific Scope 3 disclosure remains rare. Clean car claims are harder to take seriously when steel remains a blind spot. 🔎 Read the full issue brief and explore the solutions here: https://lnkd.in/emnGGSw3 🔎Explore the full Lead the Charge 2026 scorecards here: https://lnkd.in/dksJyK9M #ClimateAction #Climate #CleanCars #GreenSteel #Scope3Emissions #SFOC #SteelDecarbonization #LeadTheCharge #CBAM #Automotive #SupplyChains

How have conflict-driven disruptions in the #StraitofHormuz impacted on Asia's #fossilfuel imports? @forourclimate CEO @JoojinSFOC argues that #SouthKorea's decision to decision to lift the #coal cap as an emergency #LNG replacement sets a concerning precedent at a time when

Hormuz blockade exposes risks of #fossilfuel dependency in 🇰🇷 South Korea &  🇯🇵 Japan      📈 Conflict-driven disruptions in the Strait of Hormuz, a key chokepoint in the global oil and gas trade, are making waves across East Asia, exposing the structural vulnerabilities of a fossil fuel-based energy system highly exposed to geopolitical supply shocks. For South Korea and Japan, where ~70% and ~90% of crude oil imports pass through the Strait of Hormuz, skyrocketing #oil and #gas prices are directly impacting both refiners and downstream players like the petrochemical industry as freight rates surge, vessels are stranded, and industrial disruptions ripple across the economy.    The collapse of war-risk #insurance has led to rising premiums, with LNG carrier rates surging by 650% to around $300,000 per day. South Korea’s major refiners are shelling out record amounts to secure emergency charters, while in Japan, authorities have released 170 days of strategic oil reserves.    The latest issue brief by Solutions for Our Climate (SFOC) argues shocks like the Hormuz blockade reveal the dangers of a self-reinforcing cycle of investment-driven fossil fuel dependence. Over the past 11 years, South Korea directed $97 billion more to fossil fuels than renewables; Japan, $68.5 billion more. These gaps could have supported an estimated 100 GW of solar in Korea and 70 GW in Japan, generating substantial long-term savings.     LNG investment heightens exposure to geopolitical risks, drives price spikes, and shifts costs to consumers – only to be used to justify further investment, deepening dependence and vulnerability. The current crisis reiterates the need for public finance to shift towards renewable energy, not simply to reduce emissions, but as a matter of establishing increasingly elusive energy security.     🔎 Read the full issue brief here: https://lnkd.in/gvjuWVtz  🔎 Read the press release here: https://lnkd.in/gKMsR2iD    #ClimateAction #EnergySecurity #FossilFuels #FossilFuelPhaseOut #LNG #StraitofHormuz #SFOC