Miti to form independent committee on green financing for steel industry, says deputy minister

Woman gets jail for trying to bribe Singapore’s Changi Airport staff with S$70 to let her board flight without valid visaDeputy Investment, Trade and Industry Minister Liew Chin Tong says his ministry will form an independent committee to look at future funding for a zero-carbon iron and steel industry. ― Bernama picKUALA LUMPUR, Nov 2 ― The Ministry of Investment, Trade and Industry will form an independent committee to look at future funding for a zero-carbon iron and steel industry.

Liew said the government is also ready to incentivise the steel industry in its decarbonisation journey. The deputy minister said regional countries should also engage with China to emulate its success in overcoming overcapacity, where it removed 150 million tonnes of capacity from the steel industry in 2020.

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