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Green steel needs incentives to work and Japan has a plan

Economic Times LogoEconomic Times2d ago

Green steel needs incentives to work and Japan has a plan - Economic Times

Quick Summary:

Decarbonising steel production is critical for the energy transition, with government policies like subsidies essential for progress.

Japan is offering incentives for using low-emission steel in vehicles, aiming to make green steel affordable despite production challenges.

The trick to getting the subsidies to work is to make it possible to produce green steel at a price that is at least equal to, but preferably lower, than the level of the subsidy.

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Article Details

Author / Journalist: Reuters

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-19 @ 10:15:20 (2 days ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 1328 words

Reading Time: 8 minutes read

Sentences: 33 lines

Sentence Length: 41 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 26266872

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About Economic Times

Economic Times Logo

Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 4 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #84

Publisher Details

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  • URL: https://beamstart.com/news/green-steel-needs-incentives-to-17399466967353

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