Green finance adalah
Green finance adalah. This climate-aligned finance agreement will be released at COP26. Policy interventions that incentivise green steel and support commercial-scale investment this decade are indispensable. Regional approaches are the most likely route in the absence of an international framework, but this should be a race to the top.
Government support will also be needed to de-risk investments in new technologies and to deliver the rapid scale-up of fossil-free electricity, hydrogen and carbon capture infrastructure that green steel requires. Public procurement initiatives, such as those being explored by the Clean Energy Ministerial, and product standards based on lifecycle emissions can also help to move green steel from a premium market to the mainstream. Energy consumption and production contribute to two-thirds of global emissions, and 81% of the global energy system is still based on fossil fuels, the same percentage as 30 years ago.
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