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BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

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Steel is responsible for around 7% of man-made greenhouse gas emissions every year and is one of the world’s most polluting industries. Moreover, Brazil is expected to have one of the lowest costs for hydrogen production by 2030, according to research by BloombergNEF. Green recycling is also a cost-effective and immediate solution.

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Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

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2 ] Rasmussen’s “one agreement, two steps” plan was quickly endorsed by US President Obama, as well as Australia’s Prime Minister Rudd and Russia’s President Medvedev, all of whom were present at the APEC summit. Australia is considered to be one of the most vulnerable developed nations to climate change.

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