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🆕 Stoked to announce the release of @globalenergymon’s newest report, Pedal to the Metal: No time to delay decarbonizing the global steel sector. 36 pages details here, but I’ll share a few highlights.
globalenergymonitor.org/report/pedal-t…
a🧵 (1/9)
globalenergymonitor.org/report/pedal-t…
a🧵 (1/9)
The steel industry faces a big choice: move away from dirty, inefficient plants 🏭 OR risk climate goals and up to $70bn stranded asset risk 💰 (2/9)
Over 60% of global steelmaking capacity in the GSPT uses the BF-BOF method, which is a difficult and expensive process to decarbonize because of the use of metallurgical coal (3/9)
