Green steel needs incentives to work and Japan has a plan

LAUNCESTON: Decarbonising steel production is one of the major challenges of the energy transition, especially given that consumers across the world show little appetite or capacity to pay more for green steel products.This means that greening a sector responsible for around 8% of global carbon emissions is likely to rely on government policies and regulations to create price signals.

The debate is really over what policies are likely to produce the best and quickest results, with options ranging from subsidising green steel plants, or products made…