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Stranded asset risk as a result of decarbonisation is as much as $518 billion, seven times the amount previously thought, according to a new Global Energy Monitor report. This comes as more countries with major steel industries are pledging to reach carbon neutrality but at the same time plan to build numerous large BF-BOF steel plants. In addition, TransitionZero’s Global Steel Cost Tracker estimated that 132 million tonnes/year of capacity at existing BF-B…
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