Reducing energy demand reduces costs for heavy industry GO ELECTRIC Electrification of processes, where possible, will immediately reduce demand and create energy savings NEW PROCESSES Finding alternative, low-demand processes can help cut emissions KEY QUOTE If I need to produce 10,000 tonnes of copper a day, I should first look at how little energy I can use to do that Canadian steelmakers Algoma and ArcelorMittal Dofasco (AMD) expect to shave nearly 1% off Canada’s CO2 emissions when investments earmarked for increasing the sustainability of their Ontario steel plants are completed at the end of this decade. Emissions from Canada contribute 1.52% to total global emissions. Both companies are deve ...
“Electrification is the most efficient way of decarbonising”
The most sought after building insulation products will not necessarily be the cheapest and most effective, but those manufactured with the lightest carbon footprint
Cement and steel manufacturing are two of the most carbon intensive industries in the world. Electrification can play a role in decarbonising both, though technology innovation is expensive and removing all emissions from the processes is a tall order
Border carbon adjustments (BCAs) are technically difficult to design and politically challenging to implement. If BCAs are going to succeed, the European Union (EU) will need to engage trade partners from the start, says E3G’s Johanna Lehne
For heavy emitters of carbon, capturing the particle before it hits the atmosphere offers a route to meeting climate change targets. The Danish government is hoping significant investment in the questionable technology will help its hard-to-abate sectors to fulfil ambitions
Heavy industries are slowly starting to wake up to the reality of the energy transition, but full decarbonisation of the steel, cement and petrochemicals sectors is a significant challenge that will require new processes and significant amounts of clean energy
Venture capitalists are putting record amounts of money into climate tech, drawn by the opportunity to make money while fostering the innovation needed for decarbonisation. Digitalisation remains a focus, but investors are increasingly looking to tap into asset-heavy investment opportunities that are crucial to the energy transition