Steel industry makes pivotal shift towards lower-carbon production | News | Eco-Business eco-business.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eco-business.com Daily Mail and Mail on Sunday newspapers.
The steel industry has made a ‘pivotal’ shift towards lower-carbon forms of production, a new report says, but remains short of a 1.5C-compatible pathway.
The steel industry could face $518 billion in stranded asset risk as countries work towards meeting their long-term carbon neutrality commitments, if the 345.3 million tonnes per annum (mtpa) of emissions-heavy blast furnace basic oxygen furnace capacity (BF-BOF) proposed or under construction is fully developed, a new data from Global Energy Monitor’s Global Steel Plant .