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Federated Hermes – Abate and switch: steel seeks low carbon solutions

7 Oct 2021

Hard-to-abate sectors such as steel will come under increasing pressure to reduce their carbon emissions – what are the industry’s options?

Steel goods will play a vital role in the transition to a low carbon world, but the production process itself is notoriously carbon and energy intensive. Given the urgent need to align all sectors with the goals of the Paris Agreement to keep global temperature increases within safe limits, maintaining a business-as-usual stance presents a number of risks for steel producers and their investors.

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