German steel makers want binding commitments from the government regarding financial support for the industry’s shift towards a more climate-friendly manufacturing, German magazine Der Spiegel reported.
US Steel has set a goal to achieve net-zero carbon emissions by 2050, the company said.
The Ministry of Environmental Protection and Natural Resources of Ukraine is concluding consultations on the draft of the Second Nationally Determined Contribution (NDC2) to the Paris Agreement. The Government may approve it in early summer, assumes Environmental Protection Minister Roman Abramovsky.
During a meeting with metallurgical magnate Lakshmi Mittal, President Volodymyr Zelensky emphasized the need to introduce the latest steelmaking technologies in green steel. They will help to curtail the negative impact of industry on the environment.
PJSC ArcelorMittal Kryvyi Rih (AMKR) intends to achieve carbon neutrality – that is to comply with Green Deal standards, by 2050. This was stated by the company’s Chief Executive Officer Mauro Longobardo.
Swedish automotive giant Volvo Group plans to produce the world’s first vehicles to be made from fossil fuel-free steel, with the first vehicles expected later this year.
