Government makes billion-dollar move to phase out common...

Government makes billion-dollar move to phase out common polluting building material: 'A huge step towards the future' (thecooldown.com)

As explained by Reuters, the German government pledged 2.6 billion euros ($2.8 billion) in funding to support steelmaker Stahl-Holding-Saar's (SHS) transition to greener production. The investment will drastically reduce the pollution from steel production over the next few years.

The costly transformation initiative is one of the latest steps toward Germany's goal to achieve climate neutrality by 2045 — meaning it aims to minimize its Earth-warming pollution and offset pollution that continues by that year. SHS's subsidiaries Dillinger and Saarstahl are taking initial steps by focusing "on the use of hydrogen, on electric steel production, and on recycling steel scrap," per Green Steel World. "

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