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 production could be made with almost no carbon emissions through $278 billion of extra investment by 2050, according to a new report from research firm BloombergNEF (BNEF). Russia and Brazil both have access to high-quality iron ore reserves and to abundant clean power. Retrofit or close any remaining coal-fired capacity by 2050.
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