BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits
Green Car Congress
DECEMBER 1, 2021
Steel is responsible for around 7% of man-made greenhouse gas emissions every year and is one of the world’s most polluting industries. By 2050, green hydrogen could be the cheapest production method for steel and capture 31% of the market. The steel industry cannot afford to wait for the 2040s to start its transition.
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