The steel industry accounts for 15 per cent of China’s carbon dioxide emissions, according to the report. Photo: Reuters The steel industry accounts for 15 per cent of China’s carbon dioxide emissions, according to the report. Photo: Reuters
The steel industry accounts for 15 per cent of China’s carbon dioxide emissions, according to the report. Photo: Reuters

China’s steelmakers need cleaner process to put climate goals in reach, report says

  • Industry is the second-largest carbon emitter after the power sector, but this could be reduced if it moves to electric, according to US think tank
  • It also estimates steel producers could be saddled with US$70 billion in stranded assets if they continue building new blast furnaces using coal

Topic |   China Society
The steel industry accounts for 15 per cent of China’s carbon dioxide emissions, according to the report. Photo: Reuters The steel industry accounts for 15 per cent of China’s carbon dioxide emissions, according to the report. Photo: Reuters
The steel industry accounts for 15 per cent of China’s carbon dioxide emissions, according to the report. Photo: Reuters
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