News

Despite recent setbacks in its efforts to establish green steel production, Germany should continue its support for the transition to hydrogen-based industrial processes, said the CEO of steelmaker Salzgitter, Gunnar Groebler.

Cement is tightly linked to national economic development, particularly in emerging markets undergoing rapid infrastructure expansion. However, the sector is also a major source of carbon emissions.

The EU’s CBAM, starting in 2027, will impose carbon tariffs on high-emission imports—posing a major challenge to Vietnam’s steel exports. In response, Hoa Phat and VNSteel are stepping up decarbonization efforts and investing in green energy.

Vietnam has taken a significant step in developing its carbon market, unveiling pilot emissions trading plans for three major carbon-intensive industries.

As many countries around the world actively invest in CCUS projects, Taiwan can draw on experiences of early adopters like Norway and Denmark to advance carbon storage practices and strengthen environmental risk management.

The Singaporean government estimates that the 2024 carbon tax will generate SGD 640 million (about USD 497 million), more than 30% below the original projection.

To enhance industrial competitiveness, carbon tariffs have recently become a focal point for both Taiwan and Australia.

Investigations by environmental groups revealed dangerous heavy metal contamination, deforestation and violations of environmental laws, linking the mining operations to politically exposed persons and global electric vehicle supply chains.

Carbon capture is set to play a key role in decarbonising the cement and concrete industry, says Jan Theulen, Group Lead Carbon Capture, Utilization and Storage (CCUS) at Heidelberg Materials, one of the world's largest cement makers.

On May 22, the European Parliament voted in favor of proposed amendments to the Carbon Border Adjustment Mechanism (CBAM), originally introduced by the European Commission in February.