Countries are one thing, but what is business doing to bring down carbon emissions?

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As world leaders meet this weekend in the hope of agreeing to tighter global emission targets, Australia's carbon-intensive industries are watching closely.

Greg Bourne from the Climate Council is a former president of BP Australasia and believes the road ahead will vary a lot, depending on what kind of company you are.

For Bluescope Steel, Australia's largest steelmaker with extensive operations also in South-East Asia, South Asia, North America and New Zealand, the transition is underway but yet to fully ramp up. Either way, the use of hydrogen could be the key to bringing emissions towards zero, including offsets.

He said, in Australia, 'brown' hydrogen was usually made from natural gas, while in some locations 'black' hydrogen was made from coal.

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