Low emissions steel production under $700/t (based on the long run marginal cost). New build direct iron reduction plant using hydrogen. 2030–2040. Low emissions aluminium production under $2,200/t (based on the long run marginal cost). Renewable electricity and inert anodes. 2035–2040. Carbon capture and storage – CO2 compression, hub transport
Low emissions steel production under $700/t (based on the long run marginal cost). New build direct iron reduction plant using hydrogen. 2030–2040. Low emissions aluminium production under $2,200/t (based on the long run marginal cost). Renewable electricity and inert anodes. 2035–2040. Carbon capture and storage – CO2 compression, hub transport and storage under $20/t of CO2. Expected deployment timeframe. 2025–2030. Soil carbon measurement under $3/ha/year.
Goal: Low emissions aluminium production under $2,200/t (based on the long run marginal cost), Pathway: Renewable electricity and inert anodes, Timeframe: 2035-2040 Goal: Low emissions steel production under $700/t (based on the long run marginal cost), Pathway: New build direct iron reduction plant using hydrogen, Timeframe: 2030-2040
AU
Sectoral Mitigation Targets
M_SecTar1
Targets at the sectoral level
Sectoral targets on
Industries
Industries: General
AU
Sectoral Mitigation Targets
M_SecTar1
Targets at the sectoral level
Sectoral targets on
Industries
Iron and Steel