How Hydrogen Could Solve Steel’s Climate Test and Hobble Coal
- Hydrogen may offer a way to slash emissions from steel
- The industry faces growing pressure to cut carbon emissions
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Steel could shed its reputation as a climate threat by using hydrogen instead of fossil fuels for as much as half of global output by 2050, according to BloombergNEF.
The steel industry could adopt hydrogen for between 10% and 50% of output by mid-century given the right carbon pricing, BloombergNEF analysts wrote in a report. The sector accounts for as much as 9% of global carbon emissions, according to the World Steel Association.