{"id":1249,"date":"2025-04-14T11:26:36","date_gmt":"2025-04-14T09:26:36","guid":{"rendered":"https:\/\/dev.cere.se\/?p=1249"},"modified":"2025-04-14T11:26:36","modified_gmt":"2025-04-14T09:26:36","slug":"new-cere-publication-discussing-green-steel-investments-out-in-resource-and-energy-economics-2","status":"publish","type":"post","link":"https:\/\/dev.cere.se\/?p=1249&lang=en","title":{"rendered":"New CERE-publication discussing \u201cGreen steel investments\u201d out in Resource and Energy Economics"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Johansson, P-O. &amp; Kristr\u00f6m, B. 2025. <a href=\"https:\/\/doi.org\/10.1016\/j.reseneeco.2025.101494\">\u201dGreen\u201d steel investments in the EU: Pie in the sky?<\/a> <em>Resource and Energy Economics<\/em>, 101494<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"971\" height=\"971\" src=\"https:\/\/dev.cere.se\/wp-content\/uploads\/2025\/04\/green-steel-1.png\" alt=\"\" class=\"wp-image-1250\" style=\"width:1000px;height:auto\" srcset=\"https:\/\/dev.cere.se\/wp-content\/uploads\/2025\/04\/green-steel-1.png 971w, https:\/\/dev.cere.se\/wp-content\/uploads\/2025\/04\/green-steel-1-300x300.png 300w, https:\/\/dev.cere.se\/wp-content\/uploads\/2025\/04\/green-steel-1-150x150.png 150w, https:\/\/dev.cere.se\/wp-content\/uploads\/2025\/04\/green-steel-1-768x768.png 768w\" sizes=\"auto, (max-width: 971px) 100vw, 971px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Summary<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The steel industry contributes approximately <strong>7%\u20138% of global CO\u2082 emissions<\/strong>.<\/li>\n\n\n\n<li>Several initiatives aim to achieve <strong>carbon-neutral steel production<\/strong> by replacing coal with <strong>hydrogen produced from fossil-free electricity<\/strong>.<\/li>\n\n\n\n<li>These hydrogen-based steel projects rely heavily on <strong>substantial government subsidies<\/strong>, raising concerns about <strong>economic viability<\/strong>.<\/li>\n\n\n\n<li>The issue is especially relevant under <strong>comprehensive climate policies<\/strong>, such as the EU\u2019s <strong>Fit-for-55 package<\/strong>.<\/li>\n\n\n\n<li>Our analysis uses a <strong>cost-benefit framework grounded in general equilibrium theory<\/strong>, capturing both <strong>direct and indirect policy effects<\/strong> on markets and the wider economy.<\/li>\n\n\n\n<li>The framework incorporates the <strong>EU Emissions Trading System (ETS)<\/strong> and <strong>Carbon Border Adjustment Mechanisms (CBAMs)<\/strong> to evaluate policy impacts.<\/li>\n\n\n\n<li>We assess the <strong>social desirability<\/strong> of hydrogen-based steel production using a <strong>case study of a large-scale plant in northern Sweden<\/strong>.<\/li>\n\n\n\n<li>Results show <strong>significant social losses<\/strong>, raising questions about the sustainability of similar hydrogen steel initiatives across the EU.<\/li>\n\n\n\n<li>The findings suggest the risk of a <strong>repeat of the 1970s European steel crisis<\/strong> if economic fundamentals are not carefully considered.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<div class=\"entry-summary\">\nJohansson, P-O. &amp; Kristr\u00f6m, B. 2025. \u201dGreen\u201d steel investments in the EU: Pie in the sky? Resource and Energy Economics,&hellip;\n<\/div>\n<div class=\"link-more-container\"><a href=\"https:\/\/dev.cere.se\/?p=1249&#038;lang=en\" class=\"link-more\" aria-label=\"Continue reading New CERE-publication discussing \u201cGreen steel investments\u201d out in Resource and Energy Economics\">Continue reading&hellip;<\/a><\/div>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","footnotes":""},"categories":[33],"tags":[],"class_list":["post-1249","post","type-post","status-publish","format-standard","hentry","category-news","entry","entry-type-post"],"acf":[],"_links":{"self":[{"href":"https:\/\/dev.cere.se\/index.php?rest_route=\/wp\/v2\/posts\/1249","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.cere.se\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.cere.se\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.cere.se\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.cere.se\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1249"}],"version-history":[{"count":1,"href":"https:\/\/dev.cere.se\/index.php?rest_route=\/wp\/v2\/posts\/1249\/revisions"}],"predecessor-version":[{"id":1251,"href":"https:\/\/dev.cere.se\/index.php?rest_route=\/wp\/v2\/posts\/1249\/revisions\/1251"}],"wp:attachment":[{"href":"https:\/\/dev.cere.se\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.cere.se\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.cere.se\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}