Still Burning: How Banks and Investors Fuel Met Coal Expansion

Green steel is on everyone’s lips, but most of the world’s steel is still produced with metallurgical coal (met coal). Responsible for 11% of global CO₂ emissions, met coal is a major roadblock to meeting our climate goals. Although clean alternatives such as green hydrogen can produce steel just as effectively – new mines keep popping up and are blocking the transition to a greener future.