Also we do not need fossil fuels are for cement or steel.
For steel sector, China’s decarbonization is a costly quest
https://www.spglobal.com/commodityinsights/en/market-insight…
China’s lofty ambitions to hit peak carbon emission by 2030 and achieve carbon neutrality by 2060 have pushed major Chinese steelmakers to chart a greener route to production as they increasingly become interested in developing direct reduced iron, or DRI, plants using hydrogen and natural gas. But rising decarbonization costs and the expected dominance of traditional blast furnace-converter route in the Chinese steel industry for the foreseeable future is set to slow the sector’s transition…Reducing emissions at blast furnace-converter route would also be costly and challenging…
Carbon-free steel refers to the production of one metric ton of steel that emits less than 0.5 mt of CO2, which means steelmaking in blast furnace-converter route will need to cut its carbon emissions by over 80%…Production costs will soar, requiring more than $150/mt extra to produce iron, compared to iron that comes from conventional blast furnaces, according to Baosteel data…
China last year came out with mandatory output cut measures, a short-term but effective solution to control emissions. Steel output cuts will prevent the steel industry’s carbon emissions from rebounding…
DB2