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☆ Steelmaking Is Trying to Make Itself Greener and Researchers May Have Found a Way
▼ + stars: | 2023-01-25 | by ( Yusuf Khan | ) www.wsj.com time to read: +3 min

Steelmaking is one of the most carbon-intensive industries in the world, but researchers may have found a way to make it greener. Newsletter Sign-up WSJ Pro Sustainable Business A weekly look at environmental, social and governance issues and strategies for corporate decision makers. The system essentially creates a closed loop where the carbon split using the perovskite is put back into the system. “After five years, this system would save the U.K. steel industry £1.28 billion [equivalent to $1.57 billion], while reducing UK-wide emissions by 2.9%,” Ms. Kildahl said. For example, H2 Green Steel in Sweden is looking to cut carbon emissions by using hydrogen as a fuel source.

☆ EU Delays Labeling Lithium Toxic as Concerns From EV Industry Mount
▼ + stars: | 2022-12-12 | by ( Yusuf Khan | ) www.wsj.com time to read: +4 min

Last week, the European Commission was set to give a final ruling on whether lithium, a crucial battery input, should be classified as a toxic substance. Europe’s nascent battery companies are warning that investors may be drawn away from the continent to the U.S. where the IRA has created strong incentives to establish supply chains in the country. So far, within the European battery industry, Sweden’s Northvolt AB has been one of the few victories for the EU. She said the EU should “simplify and adapt” its rules that limit state funding to make it easier for public investments. For those looking to establish European battery production, the EU’s position on electric vehicles remains confusing.

☆ Regulations Set to Be Issued This Year Will Determine Course of Deep-Sea Mining
▼ + stars: | 2022-09-30 | by ( Yusuf Khan | ) www.wsj.com time to read: +5 min

The International Seabed Authority, a United Nations observer organization, is drawing up a regulatory framework for deep-sea mining based on data collected from explorations conducted by TMC and other ventures to inform its decisions. PREVIEWThe ISA is expected to meet member nations in March, when deep-sea exploration and its regulations are expected to be discussed. TMC started conducting pilot testing in September 2022 to determine whether deep-sea mining would harm the environment. For most mining companies, exploration licenses usually are a significant step in attracting funds, but the lack of clarity around the legality of deep-sea mining is creating a barrier. TMC remains key but not imperative to the lobbying push to change or confirm regulations on mining of the deep sea, industry participants said.

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