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this post was submitted on 17 Aug 2023
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Concrete and steel production accounts for around 20% of co2 emissions, so it’s not only oil and gas companies (although it is still mostly from oil and gas companies).
Steel production at least could be MUCH greener; they're just choosing less green options because they're cheaper. We could make co2 emission more expensive, force the entire industry to greener alternatives, and not significantly impact production capacity.
Conflict of interest: I'm an engineer who produces steel using greener (but more expensive) tech than the rest of the industry.
Which, of course, puts you at a competitive disadvantage compared to those who use cheaper but less green tech. Which just goes to show why we need regulation.
Absolutely. Even if our tech was cheaper, we'd just run into the Jevons Paradox as people would end up buying more steel than they do today.