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Getting climate, energy & environment news right.

As steel giants face climate goals, investors focus on decarbonization and emissions

Jordan McDonald of Emerging Tech Brew reports on ArcelorMittal and its efforts to decarbonize steel making.

The C3 Take
  • ArcelorMittal, the world’s second largest steel producer, plans to reach net-zero emissions by 2050.
  • The company has launched the XCarb Innovation Fund to invest in climate tech startups.
  • Since its inception in 2021, XCarb has committed over $158 million to six different startups that are looking to decarbonize the steel industry.
  • Free markets are creating cleaner products and more sustainable industries.

The steelmaker has also invested in other companies adjacent to or crucial to the steelmaking industry, including LanzaTech, which makes carbon-capture tech, and Form Energy, which specializes in long-duration energy storage.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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