Why The Green Revolution Has a Dirty Steel Problem
June 13, 2021
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3:28Now PlayingWhy The Green Revolution Has a Dirty Steel Problem
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as posted by the channelThe battle against climate change is relying on the same polluting building block that drove the second Industrial Revolution a century and a half ago.
Steel, which transformed everything from guns and bridges to cities and shipping at the end of the 19th century, is also critical to the wind turbines, solar panels and electricity pylons needed to displace fossil fuels. But steel is itself reliant on burning billions of tons of coal, with the industry emitting more carbon dioxide than cars, buses and motorbikes combined.
Weening a low-margin industry off cheap coal and onto more costly green steel technologies will require massive government support and concerted action by steelmakers from Tangshan to Indiana.
Bloomberg's Eddie Spence explains.
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