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World’s Top Steelmaker Outlines Six-Point Plan to Cut Emissions

  • Baowu to rely on technology, hydrogen, scrap to curb emissions
  • China is cutting steel output as part of country’s green push

The world’s biggest steel producer outlined a six-point plan to cut emissions as scrutiny on the heavy-polluting sector intensifies.

China Baowu Steel Group released its priorities for decarbonization in Shanghai on Thursday, though without providing a timeline for their implementation. It also announced plans for a fund that will spend 35 million yuan ($5.5 million) each year to research low-carbon metallurgy and an alliance with 62 mills and institutions to reduce the sector’s greenhouse gas releases.