Why steel decisions before 2030 matter: Early coal exit could save $800 billion

Investing before 2030 to pivot away from coal in steel production is now 53%, or roughly 800 billion US dollars cheaper than what it would cost to reduce the same amount of emissions later on in other parts of the economy or through carbon removals (1.5 trillion dollars), in a scenario that returns warming below 1.5°C. The findings are a part of a new study appearing in Nature Climate Change led by scientists at the Potsdam Institute for Climate Impact Research (PIK).