News / #steel
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.
China’s national emissions trading scheme (ETS) is already the world’s biggest carbon market.
By expanding beyond power generation, the market will increase its trading, diversity and liquidity, raising carbon asset value.
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