Shravan Bhat writes in GreenBiz about private financial institutions that are stepping in to decarbonize steel.
- Steel is responsible for 7% of global greenhouse gas emissions.
- The Steel Climate Aligned Finance Working Group, which is comprised by ING, Citi, and others, is looking to decarbonize the steel industry by investing in green steel operations.
- Steel makers have also been looking for ways to reduce emissions by investing in carbon capture, green hydrogen, and other technologies.
- The private sector is leading the way in emissions reductions.
Read the full article here.