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CANADA

France slams Canadian Kyoto withdrawal

Canada's decision to withdraw from the Kyoto protocol is "bad news" for global efforts against climate change, the French foreign ministry said on Tuesday.

“Canada’s announcement that it is withdrawing from the Kyoto protocol is bad news for the fight against climate change,” ministry spokesman Bernard Valero told journalists.

“It is out of the question to relax our efforts or to break the dynamic of the Durban agreement,” he said.

Canada on Monday became the first country to declare it was formally exiting the pact, a reversal that will save it billions of dollars in fines, and poured scorn on the landmark treaty for hampering attempts to tackle pollution.

But the decision provoked heavy criticism, including from China which said the move went against international efforts to combat climate change.

Canada’s decision follows a deal reached in Durban this month to create a roadmap that will for the first time bring all major greenhouse-gas emitters under a single legal roof. If approved as scheduled in 2015, it will become operational in 2020.

Canada agreed under the Kyoto Protocol to reduce CO2 emissions to 6.0 percent below 1990 levels by 2012, but its emissions of the gases blamed for damaging Earth’s fragile climate system have instead increased sharply.

The landmark pact reached in 1997 is the only global treaty that sets down targeted curbs in global emissions.

But those curbs apply only to rich countries, excluding the United States – which has refused to ratify the accord.

ENVIRONMENT

Sweden’s SSAB to build €4.5bn green steel plant in Luleå 

The Swedish steel giant SSAB has announced plans to build a new steel plant in Luleå for 52 billion kronor (€4.5 billion), with the new plant expected to produce 2.5 million tons of steel a year from 2028.

Sweden's SSAB to build €4.5bn green steel plant in Luleå 

“The transformation of Luleå is a major step on our journey to fossil-free steel production,” the company’s chief executive, Martin Lindqvist, said in a press release. “We will remove seven percent of Sweden’s carbon dioxide emissions, strengthen our competitiveness and secure jobs with the most cost-effective and sustainable sheet metal production in Europe.”

The new mini-mill, which is expected to start production at the end of 2028 and to hit full capacity in 2029, will include two electric arc furnaces, advanced secondary metallurgy, a direct strip rolling mill to produce SSABs specialty products, and a cold rolling complex to develop premium products for the transport industry.

It will be fed partly from hydrogen reduced iron ore produced at the HYBRIT joint venture in Gälliväre and partly with scrap steel. The company hopes to receive its environemntal permits by the end of 2024.

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The announcement comes just one week after SSAB revealed that it was seeking $500m in funding from the US government to develop a second HYBRIT manufacturing facility, using green hydrogen instead of fossil fuels to produce direct reduced iron and steel.

The company said it also hoped to expand capacity at SSAB’s steel mill in Montpelier, Iowa. 

The two new investment announcements strengthen the company’s claim to be the global pioneer in fossil-free steel.

It produced the world’s first sponge iron made with hydrogen instead of coke at its Hybrit pilot plant in Luleå in 2021. Gälliväre was chosen that same year as the site for the world’s first industrial scale plant using the technology. 

In 2023, SSAB announced it would transform its steel mill in Oxelösund to fossil-free production.

The company’s Raahe mill in Finland, which currently has new most advanced equipment, will be the last of the company’s big plants to shift away from blast furnaces. 

The steel industry currently produces 7 percent of the world’s carbon dioxide emissions, and shifting to hydrogen reduced steel and closing blast furnaces will reduce Sweden’s carbon emissions by 10 per cent and Finland’s by 7 per cent.

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