China's 'Green Steel' and its Implications for Australia - The China Story
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The iron and steel industry is the second largest carbon emitter in China and accounts for about 17 percent of its total emissions. ‘Green steel’, made from a carbon-free reductant such as hydrogen (a source of renewable energy) instead of coal, is hailed by scientists and policy makers as a global solution for reducing carbon emissions. China’s push towards greener steel production, even though this cannot happen overnight and requires costly changes within the industry, will have a profound impact on Australia’s export industry.
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