Steel
When it comes to decarbonising, there are easy wins and hard challenges. Decarbonising electricity is relatively easy. Decarbonising steel production is hard. This is not a trivial problem since steel contributes 11% to global carbon emissions. We have some solutions, like green hydrogen, but they are still expensive. That’s why partnerships are key. Volvo is working with Nordic steel producer SSAB to begin manufacturing its cars with fossil-free steel by 2026. By ensuring sufficient demand for its green steel, SSAB can commit to the necessary green hydrogen investments and start to bring down the costs through economies of scale.
— Wayne Visser
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From Purpose Inspired: Reflections on Conscious Living, Volume 5. Buy on Lulu ↗