Pause on steel projects shows challenges of China’s green transition

Quick Summary:

Suspension can temporarily contain increasing capacity but the real issue lies in the slowing of the industry’s decarbonisation.

Hebei has used the replacement policy to phase out outdated production capacity, improve its industrial scale, and enhance environmental performance.

The capacity replacement policy, introduced in 2014, required steelmakers to offset new production projects by retiring outdated equipment.

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Article Details

Author / Journalist: Jing Ling

Category: EconomyBusiness

Markets: SingaporeAzerbaijanChina

Topics: Electrification Electricity Trade Energy transition Decarbonisation Factories Emissions Industrial waste Pollution Cement Steel Supply chain

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-19 @ 03:00:00 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: eco-business.com

Language: English

Article Length: 1374 words

Reading Time: 8 minutes read

Sentences: 64 lines

Sentence Length: 22 words per sentence (average)

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

Copyright Owner: © Eco-Business

News ID: 23693188

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Official Website: eco-business.com

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News Last Updated: 20 hours ago

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