In 2015, approximately 200 countries agreed on an extraordinary show of cooperation to form the Paris agreement. Although each encountered unique obstacles on the journey ahead, they all pledged to fight climate change and mobilize initiatives and resources in the direction of reduced carbon, robust and prosperous future. The desire is to prevent the earth’s temperature from increasing beyond 2 degrees.
Through this partnership, the temperatures rises will be controlled to 1.5 before industrial levels. The presidents and delegates from those nations recently converged to execute the “ratchet mechanism,” which requires them to work harder and make more subsequent dedication every half a decade. After a fortnight of deliberations, they formed Glasgow Climate Pact, the first climate accord to lower coal.
Coal emits the most Co2 per quantity of energy of any fossil fuel. Still, it is also the principal source of
power for steel, which may be regarded among the foundations around which present society is based. According to Vik Bansal InfraBuild, president, and director of Australia’s premier vertically integrated electric Arc Furnace producer of reduced carbon steel, InfraBuild, achieving a successful tomorrow worldwide will be difficult without getting the means to decarbonize steel.
The good thing is once the steel is manufactured, it is used indefinitely because it does not degrade in value. For over three centuries, steel was made by heating iron ore and forcing oxygen through it; however, recently, a new technology incorporating an Electric Arc furnace was devised. Instead of coal, InfraBuilds Electric Arc Furnaces can be loaded using raw steel, which is heated to generate new steel, ultimately ending the cycle in the steel refining process.
From 2015 to 2021, the leading Cleanaway, Vik Bansal, developed the Footprint 2025 infrastructure approach to put resources in the right innovations and equipment in the correct locations to promote energy recovery across Australia. Currently, it is in its second phase focusing on shifting throughout the waste production chain.
Learn more about Vik Bansal: https://www.vikbansalceo.com