From Radio New Zealand:NZ Steel’s Glenbrook plant will install an electric arc furnace – halving its coal use – in what the government is calling the country’s largest ever emissions reduction project. Half of the coal being used at the site will be replaced with electricity to recycle scrap steel. Prime Minister Chris Hipkins has announced plans for the project at a media briefing at the site in south Auckland this afternoon. It will also achieve over 5 percent of all New Zealand’s required emissions reductions between 2026-2030 and and 3.4 percent within the third emissions budget (2031-2035). Set a price for Carbon, collect money from the large emitters and then use the funds to reduce emissions.

Source: Stuff May 22, 2023 11:38 UTC