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СО2 emissions - Latest news GMK Center

Photo – European carbon price could rise to €250/t by 2034 – analysts
European carbon price could rise to €250/t by 2034 – analysts

This will lead to the gradual abandonment of the free allocation of EU ETS quotas and the reduction of the emission limit

Photo – Emissions in China’s steel industry increased by 4.3% y/y in January-July
Emissions in China’s steel industry increased by 4.3% y/y in January-July

Emissions of sulfur dioxide per ton of steel were 0.18 kg/t, solid particles – 0.20 kg/t, nitrogen oxide – 0.34 kg/t

Photo – Malaysia needs its own CBAM analog
Malaysia needs its own CBAM analog

The country's government is considering introducing a price on carbon emissions exclusively for steel industry

Photo – China updates roadmap for achieving carbon neutrality in steel industry
China updates roadmap for achieving carbon neutrality in steel industry

The country maintains the goal of reducing CO2 emissions in the steel industry by 40% in 2040

Photo – US steelmakers support introduction of carbon bill to Congress
US steelmakers support introduction of carbon bill to Congress

The Prove It Act could pave the way for a carbon import tax in the future

Photo – ArcelorMittal is testing a new technology for carbon utilization in Belgium
ArcelorMittal is testing a new technology for carbon utilization in Belgium

The steel producer and Mitsubishi Heavy Industries are cooperating with D-CRBN

Photo – The 10 largest polluting countries emitted a record amount of CO2 in 2023
The 10 largest polluting countries emitted a record amount of CO2 in 2023

During the year, the indicator reached 24.5 billion tons, which is 582 million tons more than in 2022

Photo – EC notes inconsistencies in 2030 climate ambitions
EC notes inconsistencies in 2030 climate ambitions

European industry still faces relatively high energy prices

Photo – China plans to reduce carbon emissions in key industrial sectors
China plans to reduce carbon emissions in key industrial sectors

The government's plan is to reduce these volumes by about 1% of the 2023 figure

Photo – Germany approves plans to accelerate hydrogen technology and carbon capture
Germany approves plans to accelerate hydrogen technology and carbon capture

Both technologies have been identified as critical components of the country's quest for carbon neutrality

Photo – China to support a series of low-carbon demonstration projects
China to support a series of low-carbon demonstration projects

Six of the announced projects are related to iron ore mining or steel production

Photo – CBAM pushes other countries to introduce similar fees – IETA
CBAM pushes other countries to introduce similar fees – IETA

Some of the states are likely supporters of the mechanism

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