News / #steel
The sector is where energy security and emissions reduction priorities are most directly at odds.
Suspension can temporarily contain increasing capacity but the real issue lies in the slowing of the industry’s decarbonisation.
The EU’s carbon border adjustment mechanism (CBAM) has been touted as a key policy for cutting emissions from heavy industries, such as steel and cement production.
The amount of renewable energy needed to decarbonise a power grid to produce green hydrogen is a key barrier to scaling it, says think tank IEEFA.
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