A new report from WEF and Accenture sets out recommendations for how financiers, businesses, and government can work together to decarbonise some of the world’s most hard-to-abate sectors Decarbonising heavy industry is going to require collaboration on an impressive scale between companies that have historically been in fierce competition with one another. That is one … Read more
Government and industry must work with trade unions to unlock much-needed investment to create a world-leading, net zero steel sector, argues Common Wealth’s Miriam Brett and Community’s Alisdair McDiarmid Port Talbot has been home to the steel industry since the early 1900s, playing an integral role in delivering local jobs and generating local investment. The … Read more
Tata Group has threatened to shut down operations at the Port Talbot plant, one of the UK’s two large steelwork facilities, if the government does not provide it with up to £1.5bn of financial support to help future-proof the plant by switching to lower carbon production techniques. The steelmaker is reportedly considering replacing its blast … Read more
A yellow dump truck has made history as the world’s first commercially-produced vehicle made from fossil-free steel, after manufacturer Volvo handed over the articulated hauler to its customer NCC at a special event in Stockholm this afternoon. The A30G dump truck has been built using steel produced at Sweden’s HYBRIT project, where pioneering trials have … Read more
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Volvo Trucks has announced that its heavy electric trucks are to soon include parts made of “fossil-free” steel, as part of the automakers’ plan to slash the carbon footprint of its zero-emission vehicle range. The Swedish company announced this morning that it would be replacing steel made in fossil fuel furnaces with steel made using … Read more
International Energy Agency argues UK, USA and EU and others have the ‘economic heft, technology leadership and international alliances’ to pioneer the development of low carbon industrial hubs G7 nations such as the UK, the US, and Germany must urgently carve out a leading role in the decarbonisation of heavy industries such as steel, cement … Read more