tinny66666 t1_j5qsd36 wrote
Reply to comment by HermesTheMessenger in Reducing the carbon footprint of the steel industry could help curb climate change, but these improvements won't happen without international policy change, new research says. by Impossible_Cookie596
It's already solved, technically speaking. There are several companies already producing green steel, which only make about 5% of the greenhouse gases in production. So the question comes down to cost, not feasibility. Currently green steel costs about 20-30% more than traditional steel. Given these are really just pilot plants and the cost isn't orders of magnitude more expensive, it's not unreasonable to expect green steel to become price-competitive in a few decades. Some (few) companies will wear the extra cost for PR reasons, but it's a hard sell right now. Edit: There may be carbon offsetting options available in some cases to account for the extra cost, so these green steel companies may already be somewhat cost-competitive.
HermesTheMessenger t1_j5tqv67 wrote
Thank you for the details!
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