Global shift to 'green steel' will require US$278B investment by 2050: report

The global steel industry could be almost completely decarbonized by 2050 with an investment of US$278 billion in clean capacity and retrofits to existing production, according to BloombergNEF’s new report, Decarbonizing Steel: A Net-Zero Pathway. A move to green hydrogen, which BloombergNEF estimates will fall in price by 80% by 2050 and an increase...

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