New Zealand has announced its largest emissions reduction project in history, transitioning from coal to renewable electricity at the country’s major steel plant in a move that the government says is equivalent to taking 300,000 cars off the road.
The government will spend $140m on halving the coal used at Glenbrook steel plant to recycle scrap steel, replacing that generating power with an electric-powered furnace. The plant will contribute $160m to the project’s cost.
