Published September 23, 2021 at 09.40
Economics. The government's investment in fossil-free steel is not environmentally friendly as it requires huge amounts of electricity to produce the hydrogen gas used. Now researchers warn that the government's investment in Hybrit and H2 Green Steel is a form of proud “environmental nationalism”, writes SvD.
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The so-called climate impact will not be less either, it will only move outside Sweden's national borders, according to the researchers. Something that makes the whole thing extra meaningless because a central component in the notion that there are human-caused climate changes in the world is precisely that it is a “global” warming that is going on.
Heavy researchers now call the Swedish investments Hybrit and H2 Green Steel for “environmental nationalism”.
The criticism is presented in a debate article in the journal Economic Debate signed Christian Sandström, assistant professor at Jönköping School of Business, Magnus Henrekson, professor at the Institute for Business Research, and research assistant Carl Alm at Ratio.
– Sweden may appear to be good in an international comparison and the companies involved receive a lot of praise, but for the climate it would be much better not to, says Christian Sandström to SvD.
The trio believes that the investment is so wrong that it is doubtful whether it is possible to talk about “green” steel at all.
The conclusion the researchers draw is that the problem is largely due to the fact that The EU has decided that billions will be invested in hydrogen technology, despite it being a dubious technology from an environmental point of view.
“However, major government investments in individual technologies or societal problems are associated with both technical and commercial risks. There are several contemporary examples of this, such as large investments in ethanol cars in the 2000s “, the researchers write.