Show Notes
Hard to abate sectors; the heavy industries of steel, cement, chemicals plus transport, aviation and mining are responsible for nearly a third of global greenhouse gas emissions. Decarbonising heavy industry at scale is no longer just an environmental imperative; it is a massive economic advantage if you get it right and even worse if you fail to do so.
For decades, the narrative surrounding these ‘hard-to-abate' sectors has been trapped in a paralysing triad of assumptions: that transforming the backbone of world industry is simply too risky to execute, too complex to engineer, and far too expensive to justify. And on paper, that cost argument seems real. Clean production alternatives still carry a severe green premium. Near-zero steel costs anywhere from 10 to 75 percent more to produce. Green cement? You’re looking at a 30 to 125 percent price increase.
Joining host Tom Parker is Dino Otranto, CEO of Fortescue Metals, Axel Eggert, Director General of EUROFER, The European Steel Association and Bertrand Badré, Managing Partner and Founder of Blue like an Orange Sustainable Capital and former Managing Director and CFO at the World Bank.
Sources: FT Resources, Carbon Tracker, IEA, McKinsey, EUROFER
This content is paid for by Fortescue and is produced in partnership with the Financial Times' Commercial Department. The views and claims expressed are those of the guests alone and have not been independently verified by The Financial Times. Hosted on Acast. See acast.com/privacy for more information.
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