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03 Dec
14:50

Steel industry needs $278 billion to decarbonise: BloombergNEF

Steelmaking could happen with almost no carbon emissions through $278 billion of extra investment by 2050, with hydrogen and recycling to play a key role, says a BloombergNEF (BNEF) report. By 2050, green hydrogen could be the cheapest production method for steel and capture 31% of the market. Another 45% could come from recycled material, and the rest from a combination of older, coal-fired plants fitted with carbon capture systems and electric processes to conve…
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