Banks urged to follow ING's lead in ending financing for blast furnace steel projects

Michael Holder
clock • 4 min read
Steelmaking is estimated to account for 11 per cent of global CO2 emissions
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Steelmaking is estimated to account for 11 per cent of global CO2 emissions

Dutch bank thought to be the first in the world to rule out support for carbon intensive blast furnaces fuelled by coking coal

Campaign groups have called for more financial firms to stop financing new carbon intensive steelmaking projects, after ING became the first major bank to end support for coking coal-fuelled blast furnaces...

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Michael Holder
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Michael Holder

Environmental journalist and editor

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