2024 should see a further acceleration in steel’s transition away from coal, with increasing pressure on companies in the value chain to act on their Scope 3 (indirect) emissions, explains Simon Nicholas at IEEFA. Old coal-fired blast furnaces that use low-grade iron ore are already being replaced with the direct reduced iron (DRI) process in Europe and China. That means the “big four” iron ore miners have to ramp up production of high-grade iron … [Read more...]
Carbon Capture is a risky decarbonisation pathway: 13 flagship projects reviewed
The debate around the effectiveness of carbon capture (you can register now for our CCUS session on Wednesday at 10.45 - Editor) has led to polarising views. Although the first implementations began 50 years ago, serious efforts to capture large volumes cost-effectively are in their infancy and unproven at scale. Is it, given time and support, a solution to excess emissions worldwide? Or is it a distraction that will allow fossils to be used yet … [Read more...]