TOKYO -- Japan will grant nearly 450 billion yen ($3.04 billion) in subsidies for developing a new steelmaking process that slashes carbon dioxide emissions, the government said Friday, more than doubling the assistance previously earmarked.
Climate Change
Japan doubles subsidy for carbon-cutting steelmaking tech
Steelmakers group to get $3bn in aid toward hydrogen reduction method
JFE Steel runs the West Japan Works in the city of Kurashiki. The company is part of a consortium developing hydrogen reduction steelmaking. (Photo by Shuhei Ochiai)
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