The industrial sector throughout the world needs to decarbonise. At the same time, no one country wants to incur the costs and risk losing market share to rivals who decarbonise slowly (or not at all!) Hence the EU’s Carbon Border Adjustment Mechanism (CBAM) that imposes costs on carbon-intense imports. This protects clean EU industries while incentivising importers to get going with decarbonisation or lose their European customers. Allegra Dawes … [Read more...]
New U.S. ‘Buy Clean’ plan earmarks billions for low-carbon cement, steel and other building materials
New guidance from the U.S. federal government, combined with historic Inflation Reduction Act investments, could turbocharge markets for low-carbon cement, steel, and other building materials. Victor Olgyay, Anish Tilak and Connor Usry at Rocky Mountain Institute explain how the new “Buy Clean” recommendations will mean the procurement of green building materials for federal building and transportation projects. That will lead to a boost in … [Read more...]
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