掀开奶罩边躁狠狠躁苏玥视频,无码专区3d动漫精品,去阳台跪着把屁股抬起来,精品国产丝袜黑色高跟鞋


Latin American steel won't decarbonize by 2050 without government funding: Alacero

  • Tuesday, November 5, 2024
  • Source:ferro-alloys.com

  • Keywords:market, mining industry,mine,steel,iron ore,
[Fellow]Latin America's steel industry will not attain net-zero emissions status by 2050 without state aid, which is currently not on offer

Ferro-alloys.com: Latin America's steel industry will not attain net-zero emissions status by 2050 without state aid, which is currently not on offer, according to industry representatives at the Latin American Steel Association, or Alacero, annual congress in Buenos Aires this week.

"The steel sector in general won't reach net zero in 2050 by itself, with its own [financial] resources," said ArcelorMittal Brasil President Jefferson de Paula, also CEO of AM long products and mining LatAm.
In Latin America, state aid for this wasn't even yet under discussion, he added, highlighting the technological and cost challenges EU mills were facing on decarbonization even with government support.

"EU governments are putting up Eur38 billion ($41.3 billion) in the 2020-2030 period for steelworks' decarbonization," de Paula said.

ArcelorMittal, of which 35% production was in Europe, had accords with the governments of France, Germany and Spain on equipment and process investments to reduce carbon emissions. The governments were putting up 50% of the investment and ArcelorMittal the remaining 50%, he said.

"But I don't see how these investments will be made in Latin America," de Paula said. "I don't see how Latin American governments will follow the European example because economic conditions are different and the funds aren't available. This matter is very much on the table in Europe but it isn't even on the table here: this is really serious."

"Decarbonization needs to be achieved by four hands: government and companies working together," he said.

Globally, the steel industry needs to reduce its carbon emissions by 80%-95% by 2050 compared to 1990 levels to meet the Paris Accord climate target.

ArcelorMittal has pledged to reach net zero emissions globally by 2050 and would spend no less than $10 billion by 2030 as part of this pathway, de Paula noted.

Latin America produced 58.3 million mt of crude steel in 2023, compared to 152 million mt in the EU, according to industry data.

Renewable energy advantage
Speakers including Ternium CEO Maximo Vedoya claimed Latin America had a decarbonization head start on other regions due to its relatively high proportion of renewable energy in the electricity matrix, and the use of direct reduction and natural gas in steelmaking in some countries.

For each metric ton of steel produced in Latin America, 1.6 mt of CO2 was emitted, while the world average was 1.8 mt, and China's around 2.1 mt, the World Steel Association has said.

De Paula noted that steelmaking accounted for 6%-7% of overall CO2 emissions globally, while Latin America's steelmaking accounted for 3%-4% of overall CO2 emissions.

Mexico had a a competitive edge, due to its nearshoring trade and manufacturing links with the US and its improved industrial infrastructure, congress participants said.

Vedoya said Ternium had chosen Mexico for the $5 billion steelworks expansion at Pesqueria, due onstream in 2026, which would have a low carbon footprint due to natural gas and DR.

Gerardo Esquivel, an economics professor at the National Autonomous University of Mexico, said Mexico was likely to choose to strengthen its links with the US and the US-Mexico-Canada trade when USMCA came up for potential revision in 2026. This could attract foreign and Mexican investment into new industrial hubs in Mexico, he said.

"The new Mexican president, Claudia Sheinbaum, has made it clear she wishes to deepen relations with the US and Canada rather than paying attention to the BRICS," Esquivel said.

 

  • [Editor:Alakay]

Tell Us What You Think

please login!   login   register
Please be logged in to comment!
主站蜘蛛池模板: 固始县| 政和县| 娄烦县| 抚宁县| 北碚区| 隆子县| 将乐县| 宿松县| 板桥市| 漳平市| 老河口市| 磴口县| 绥德县| 忻州市| 宜宾县| 饶河县| 张北县| 友谊县| 绥化市| 太湖县| 长宁区| 北安市| 金华市| 六安市| 会昌县| 威海市| 新邵县| 翁源县| 远安县| 贺州市| 桂东县| 大宁县| 丘北县| 鄂尔多斯市| 曲水县| 满洲里市| 娱乐| 灌阳县| 交口县| 阿拉善右旗| 工布江达县|