Steel sector lags in energy efficiency monitoring

Pakis­tan lacks a central mechanism for monitoring energy efficiency in its steel sector, making it difficult to measure progress or tap into global green financing and carbon credit opportunities, according to a new World Bank report. The report, titled Steel Sector: Energy Efficiency and Decarbonisation, released under the Pakistan Sustainable Energy Series, highlights several barriers hindering sustainable development in the country’s steel industry. Chief among them is a communication gap between policymakers and industry stakeholders, which continues to obstruct the formulation of effective policies. While large steel producers have formed an industrial association to liaise with the government, the World Bank notes that key challenges remain unaddressed. These include unchecked smuggling of steel from neighbouring countries, limited access to imported scrap, and inadequate oversight of quality standards among manufacturers in the informal sector.