Green hydrogen could be the cheapest method for steel production by 2050: BNEF

Steel production could be made with almost no carbon emissions through $278 billion of extra investment by 2050, according to a new report from research firm BloombergNEF (BNEF).

According to the report titled ‘Decarbonizing Steel: A Net-Zero Pathway’, by 2050, green hydrogen could be the cheapest production method for steel and capture 31 per cent of the market.