Issue 4; Vol. 1 - Sept. 1, 2023

As we fall deeper down the rabbit hole of creating a current newsletter every other week, we thought we’d highlight the decarbonization and sustainability “domino-effect” at work across the four “buckets” we explore with each issue.?

Emerging news stories in Technology, Regulatory Developments, Green Steel/Sustainability Products, and Carbon Markets send ripples through each bucket individually.

What has been fascinating to track is how no bucket is an island unto itself — they are all interconnected and affecting one another as new processes, regulations, tools, information, business decisions and investments emerge in lockstep with new developments.?

The stories we’re sharing below were kind of tough to categorize in any one place, in other words

It’s not enough to simply try to make actionable sense of it all or share important news in neat little categories. At Greenway Steel, we want to understand the cascade effect news has across the broad, deep, diverse scope of metals and sustainability. This is our way of playing with dominoes; creating value by understanding (and quantifying) what affects one … affects many.

Cargill sets sail -- chartering new cargo ship boosted by wind power.?With the global shipping industry accounting for approximately 2.1% of global carbon emissions, shipping firm Cargill is charting a course that mixes past with future.

While we won’t be digging out sextants anytime soon – the addition of wind power to a global player’s arsenal should make a lot of companies take notice. Especially since this isn’t a “one-off.”?

Proof? Take a look at the deal Cargill Metals inked with H2 Green Steel earlier this summer.

The Current Grid Conundrum:? If there’s a way to make existing infrastructure more efficient and robust (because renewable projects will definitely need delivery capacity beyond our current grid capability)… then reconducting could be an answer that has a sobering question at its core for utility providers:

“But what if we don’t make as much money?”

See how one company (LineVision) is promising laser sensors that could boost existing grid capacity by up to 40%.

"This is a really great opportunity – you can squeeze more juice out of our existing transmission system at lower costs and way more quickly.” –? Allison Clements, a commissioner on the Federal Energy Regulatory Commission (FERC).

Catching Up With FERC’s latest ruling — thoughts from a few days ago that won’t go away. The full (and recent) Federal Energy Regulatory Commission (FERC) ruling got us to thinking a couple of days ago.

Greenway Steel Founder Randy Charles summed them up nicely in an LI post earlier this week: The post is below or here on LI, and if you are so inclined, read the full ENR story as well. What do you think?

Young activists in Montana had something to say about their climate future — and it was loud enough to earn a courtroom victory.

Now we’re not sure this falls under the category of regulatory developments, but it does represent a small yet growing faction of next-generation youth who are taking to the courts to claim a lack of environmental stewardship is materially and negatively affecting their prospective future.

Is the ever-moving target of climate change becoming easier to hit in the courtroom? And if so, what are the ramifications for businesses .. industries .. countries??

If you think this is only an American phenomenon, there are a half-dozen kids in Portugal you should meet. They’re suing 33 European nations to guarantee they stick to emissions targets.

The following article, post summary and related Greenway Steel article on CCUS could all easily fit beneath our Carbon Markets tab below — but the sheer investment in products and processes that will result from the DOE’s $500M Funding Grant to New Carbon Transport Infrastructure fits equally well in a sustainability products bucket.?

If you want the Cliff’s Notes version of the above story — check out Carbon Credits’ LI post here.

And for some Greenway Steel insight into CCUS — check out our original Greenway Steel article: CCUS is What?

Legitimate commitment to verifiable carbon offsets, or just a Shell game?

Europe’s Shell PLC recently scrapped its plan to spend $100 million a year on carbon credits – citing 2050 net-zero goals being unattainable due to the lack of carbon offsets that meet its stringent quality standards. A lot is riding on truly verifiable carbon offsets for big oil and larger enterprise.?

According to the Carbon Credits article above:

“…Estimates show that the?voluntary carbon market?can hit?$950 billion by 2037, a whopping increase from today’s?$2B?value.”

END Issue 4: Vol. 1 - September 1, 2023