Author Archives: quantrituyen

The term Greensteel has gained global attention as industries seek to reduce carbon emissions, but what truly qualifies as “green” remains heavily debated. While conventional steel production relies on coal-based blast furnaces—contributing around 7% of global CO₂ emissions—Greensteel offers solutions for low-carbon steelmaking. However, the criteria for what is Greensteel varies across industries, governments, and…

The European Union (EU) has implemented the Carbon Border Adjustment Mechanism (CBAM) as part of its broader climate strategy to reduce carbon emissions. CBAM is designed to prevent carbon leakage, ensuring that industries inside the EU do not face unfair competition from imports produced in countries with weaker environmental regulations. Why CBAM Was Introduced Carbon-intensive…

The transition to Greensteel is often framed as a technological challenge, but the economic and policy landscape plays a crucial role in determining how fast industries can shift from conventional steel production to sustainable alternatives. While market forces, government policies, and financial incentives are expected to drive this change, each factor presents significant barriers that…

The steel industry is undergoing a major transformation as it seeks to reduce carbon emissions and align with global sustainability goals. Traditional steelmaking, which relies on coal-based blast furnaces, is responsible for approximately 7-9% of global CO₂ emissions. To address this challenge, companies are investing in new Greensteel technologies that enables low-carbon or carbon-neutral steel…