Steel

               
Swedish steelmaker to invest $4.8 bln mln in…
Sweden’s SSAB announced on Tuesday that it plans to invest 4.5 billion euros ($4.83 billion) in constructing a fossil-free mini-mill in Lulea. 
               
Top rival miners team up for ‘green steel’…
The world's leading mining companies, BHP Group Ltd. and Rio Tinto Group, along with Australia's BlueScope Steel Ltd., are coming together to develop Australia's first…
               
Max Planck Institute develops method to make green…
Researchers at the Max Planck Institute for Iron Research have developed a method to make green steel out of waste produced during aluminum manufacturing. The…
               
Australian collaboration aims to drive green steel and…
Australia's national science agency, CSIRO, and Swinburne University of Technology have joined forces to spearhead research and development in green steel and mineral processing, contributing…
               
Tata Steel unveils transformation plan towards green steel…
Tata Steel has revealed its plan to transition from traditional blast furnaces to environmentally friendly steel production methods. Tata Steel aims to reverse over a…
               
H2 Green Steel secures €4.2 billion in project…
H2 Green Steel announced that it has secured €4.2 billion in project financing, adding to the previously announced €300 million in equity. 
               
Europe to get greener steel turbines to cut…
The world’s largest turbine maker, Vestas Wind Systems A/S, is partnering with ArcelorMittal to use recycled or old steel to make turbine blades with the…
               
ArcelorMittal, France to invest €1.8 billion to cut…
The steel giant, ArcelorMittal SA and France are planning to invest €1.8 billion to cut carbon emissions produced by their steel plants in Dunkirk. This…
               
Turkish steelmaker to invest $3.2 billion in green…
Turkish steel producer Erdemir intends to invest a combined $3.2 billion in its green transition by 2030, aiming for a 25% reduction in emissions by…
Strategies for accelerated climate finance according to the World Economic Forum

As the urgency of climate change intensifies, governments worldwide are implementing policies to stimulate private climate finance. However, effective mobilization requires innovative strategies tailored to incentivize investment, promote accountability, and mitigate risks. Here are four key considerations mentioned in a World Economic Forum report:

ABB invests in GridBeyond to enhance energy management solutions

ABB has announced a minority investment in GridBeyond, a technology company specializing in energy management solutions driven by artificial intelligence and data science. 

Scotiabank issues first €1 billion green bond in European market 

Scotiabank has launched its first-ever €1 billion, 5-year senior fixed-rate green bond in the European market. This issuance aligns with Scotiabank's Sustainable Issuance Framework, released on April 5, 2024. 

Australia delays environmental law reforms, raising concerns for wildlife

The Australian government has backtracked on its commitment to reform environmental protection laws, indefinitely deferring necessary changes to the Environment Protection and Biodiversity Conservation Act. 

JDE Peet’s expresses concerns over tight deadline to EU’s deforestation law

JDE Peet's, a major coffee company, raised concerns over the stringent timeline set by the new EU law banning the import of commodities and related goods linked to deforestation worldwide, Reuters reported.

EU carbon price drop threatens funding for green tech

The European Union faces a potential shortfall in funding for green technologies as the price of carbon permits dropped significantly this year, affecting the EU Innovation Fund and low-carbon projects.