alt Hacker NewsThe Stell argument is actually valid and not fear mongering. The steel industry simply can't survive with current CO2 emission prices (there is a financial instrument for it).
The Stell argument is actually valid and not fear mongering. The steel industry simply can't survive with current CO2 emission prices (there is a financial instrument for it).
Steel would become more expensive and/or would be produced with less emissions.
I'm sure that would disrupt some business models. But we'd still being using steel (but perhaps not as much).
Of course importing cheap steel produced without the same regard for emissions would have to be forbidden.