Green steel needs incentives to work and Japan has a plan

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LAUNCESTON: Decarbonising steel production is one of the major challenges of the energy transition, especially given that consumers across the world show little appetite or capacity to pay more for green steel products.This means that greening a sector responsible for around 8% of global carbon emissions is likely to rely on government policies and regulations to create price signals.

The debate is really over what policies are likely to produce the best and quickest results, with options ranging from subsidising green steel plants, or products made…



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Green steel needs incentives to work and Japan has a plan



LAUNCESTON: Decarbonising steel production is one of the major challenges of the energy transition, especially given that consumers across the world show little appetite or capacity to pay more for green steel products.This means that greening a sector responsible for around 8% of global carbon emissions is likely to rely on government policies and regulations to create price signals.

The debate is really over what policies are likely to produce the best and quickest results, with options ranging from subsidising green steel plants, or products made…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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