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decarbonization - Latest news GMK Center

Photo – The Cabinet of Ministers embarks upon green economic transformations
The Cabinet of Ministers embarks upon green economic transformations

The Ministry of Energy is currently working on three documents, being parts of the green energy transition strategy

Photo – Go green: opportunities and risks of energy transformation
Go green: opportunities and risks of energy transformation

The green energy transition will require over 2 billion tons of steel and the interaction of business with the state

Photo – The Ministry of Economy says the NDC-2 adopted by the Cabinet of Ministers is reasonable
The Ministry of Economy says the NDC-2 adopted by the Cabinet of Ministers is reasonable

The document balances the country’s climate ambitions with the conditions on which it agrees to achieve carbon neutrality

Photo – The Cabinet approves a 35% target for cutting CO2 emissions by 2030
The Cabinet approves a 35% target for cutting CO2 emissions by 2030

The Government plans to cut greenhouse gas emissions through decarbonization and development of RES

Photo – Ukraine should encourage the development of the processing industry
Ukraine should encourage the development of the processing industry

The higher the degree of domestic conversion of raw materials, the faster the economy will grow

Photo – Ferrexpo to put into operation a pilot 5 MW solar power plant in July
Ferrexpo to put into operation a pilot 5 MW solar power plant in July

Transition to renewables is one of the company’s decarbonization priorities

Photo – Dnipro Metallurgical Plant reduced its CO2 emissions by 80% over five years
Dnipro Metallurgical Plant reduced its CO2 emissions by 80% over five years

In total, from 2016 to 2020 the company curbed the amount of pollutants emitted into the atmosphere by 70%

Photo – Metinvest believes that EAF and hydrogen-based technologies are the future of the steel industry
Metinvest believes that EAF and hydrogen-based technologies are the future of the steel industry

The company is already taking particular steps towards greener technologies

Photo – The European Union has designated 7 institutions to fund decarbonization
The European Union has designated 7 institutions to fund decarbonization

Europe is ready to allocate more than €790 billion in 10 years for achieving climate goals

Photo – Decarbonization of Ukraine’s steel industry requires $25 billion of capital investments
Decarbonization of Ukraine’s steel industry requires $25 billion of capital investments

There are no ready-made solutions in the global market, they will start emerging since 2025

Photo – Ukraine needs to develop its own decarbonization formula — opinion
Ukraine needs to develop its own decarbonization formula — opinion

In the steel industry, the first wave of advanced technologies on an industrial scale could be expected in 2035 at the earliest

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