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$25,000.00 (Project budget includes all project-funded activities)
Last Updated Date
May 22, 2026
Project Estimated Start Date
Mar 11, 2024
Project Estimated End Date
Apr 15, 2024
Project Description
The project will help a steel manufacturer in Algeria formulate a credible decarbonization plan and have a clear visibility of the GHG intensity of its operations. It will also enable IFC to better understand impact of EU's Carbon Border Adjustment Mechanism as well as potential decarbonization pathways in the steel industry.
Development Results
The project will provide clear visibility of the GHG intensity of client operations and provide it with credible and feasible options to pursue decarbonization; thereby improving capacity of a major steel manufacturer in North Africa to reduce its carbon footprint in a significant manner. It will also provide information on the trade impact of European Union introduced Carbon Border Adjustment Mechanism which will useful for steel manufacturing industry in assessing and formulating their business growth plans. Data and information developed through the project will also help to promote green financing into steel industry.
E&S Risks / Impacts and Mitigation
Performance Standard
Description and Potential Impact
Mitigation
PS 1. Assessment and Management of Environmental and Social Risks and Impacts
As part of its Due Diligence, and as mandated by IFC's Sustainability Policy, IFC team is screening this project to assess consistency with IFC's Performance Standards.
IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards.
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Additional Documents
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