Green Steel: Japan Targets 3+ Million Tons Annually with Government-Backed Decarbonization Plan
Japan's steel industry accounts for about 40% of the country's industrial CO2 emissions. The government now aims to create a green steel market exceeding 3 million tons annually by the early 2030s, combining hydrogen reduction, electric arc furnaces, and CCUS. Here's how Japan plans to standardize carbon footprint metrics and respond to the EU's CBAM.