www.weforum.org/agenda/2022/07/green-steel-emissions-net-zero/
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Steel manufacturing produces more CO2 than any other heavy industry, comprising around 8% of total global emissions.
green steel is the manufacturing of steel without the use of fossil fuels.
Electric arc furnaces are another option. These furnaces are gradually replacing traditional ones, but they are not always powered by renewable sources, and therefore the steel they produce may not always be green
China produces more steel than the rest of the world combined.
Europe’s biggest steel-maker, ArcelorMittal, told the Financial Times that decarbonizing its operations on the continent in line with EU targets could cost up to $40 billion. China has also pledged to achieve carbon neutrality by 2060, which would require reducing emissions from its steel plants which are responsible for a third of its total CO2 pollution. China currently produces half the world’s steel.
What is green steel and why does the world need more of it
What is green steel
green steel is the manufacturing of steel without the use of fossil fuels.
So-called “green hydrogen” is one solution that could help reduce the steel industry’s carbon footprint.
Hydrogen can also be low carbon if produced using fossil fuels and carbon capture, utilization and storage (CCUS) technologies,
This is known as “blue hydrogen”
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