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		<title>CO2 emissions &#8211; Official POSCO Group Newsroom</title>
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            <title>CO2 emissions &#8211; Official POSCO Group Newsroom</title>
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        <currentYear>2017</currentYear>
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		<description>What's New on POSCO Newsroom</description>
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				<title>Building a Green Energy Future with Steel</title>
				<link>https://newsroom.posco.com/en/building-green-energy-future-steel/</link>
				<pubDate>Tue, 05 Dec 2017 21:06:30 +0000</pubDate>
				<dc:creator><![CDATA[posconews]]></dc:creator>
						<category><![CDATA[Business]]></category>
		<category><![CDATA[Bloomberg]]></category>
		<category><![CDATA[CO2 emissions]]></category>
		<category><![CDATA[competitive]]></category>
		<category><![CDATA[electricity]]></category>
		<category><![CDATA[Energy Future]]></category>
		<category><![CDATA[energy industry]]></category>
		<category><![CDATA[future]]></category>
		<category><![CDATA[Future of Renewable Energy]]></category>
		<category><![CDATA[Geothermal]]></category>
		<category><![CDATA[Geothermal Energy]]></category>
		<category><![CDATA[Global Energy Industry]]></category>
		<category><![CDATA[global renewable energy]]></category>
		<category><![CDATA[Global Renewable Energy Industry]]></category>
		<category><![CDATA[green energy]]></category>
		<category><![CDATA[Green Energy Future]]></category>
		<category><![CDATA[Green Future]]></category>
		<category><![CDATA[green steel energy]]></category>
		<category><![CDATA[india solar energy]]></category>
		<category><![CDATA[industrial]]></category>
		<category><![CDATA[infrastructure]]></category>
		<category><![CDATA[International Business Times]]></category>
		<category><![CDATA[Korea]]></category>
		<category><![CDATA[nacelle]]></category>
		<category><![CDATA[national geographic]]></category>
		<category><![CDATA[POSCO E&C]]></category>
		<category><![CDATA[power plant]]></category>
		<category><![CDATA[RDF]]></category>
		<category><![CDATA[refuse-derived fuel]]></category>
		<category><![CDATA[renewable energy]]></category>
		<category><![CDATA[Renewable Energy Industry]]></category>
		<category><![CDATA[rotor blades]]></category>
		<category><![CDATA[Solar]]></category>
		<category><![CDATA[solar energy]]></category>
		<category><![CDATA[solar panel frames]]></category>
		<category><![CDATA[solar power]]></category>
		<category><![CDATA[stainless steel]]></category>
		<category><![CDATA[Stainless steel solar panel]]></category>
		<category><![CDATA[steel energy]]></category>
		<category><![CDATA[steel panel]]></category>
		<category><![CDATA[steel solar panel]]></category>
		<category><![CDATA[sustainable]]></category>
		<category><![CDATA[tidal]]></category>
		<category><![CDATA[Tidal Energy]]></category>
		<category><![CDATA[tower]]></category>
		<category><![CDATA[tubular steel]]></category>
		<category><![CDATA[Wind Energy]]></category>
		<category><![CDATA[World Steel Association]]></category>
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									<description><![CDATA[Despite the controversy about climate change, global warming is happening. According to the World Steel Association, the world must decrease its CO2 emissions]]></description>
																<content:encoded><![CDATA[<p><span style="font-weight: 400;">Despite the controversy about climate change, global warming is happening. According to the </span><a href="https://www.worldsteel.org/" target="_blank" rel="noopener"><span style="font-weight: 400;">World Steel Association</span></a><span style="font-weight: 400;">, the world must decrease its CO2 emissions by at least </span><a href="https://www.worldsteel.org/media-centre/lovesteel/steel-and-renewables.html" target="_blank" rel="noopener"><span style="font-weight: 400;">12 gigatonnes by 2030</span></a><span style="font-weight: 400;"> to contain rising temperatures below 2 degrees centigrade.  </span></p>
<div id="attachment_13329" style="width: 650px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en/wp-content/uploads/2017/12/Air-Pollution.jpg" target="_blank" rel="noopener"><img class="wp-image-13329" src="https://newsroom.posco.com/en/wp-content/uploads/2017/12/Air-Pollution.jpg" alt="A city with roads and buildings is filled with brownish smog." width="640" height="427" srcset="https://newsroom.posco.com/en/wp-content/uploads/2017/12/Air-Pollution.jpg 810w, https://newsroom.posco.com/en/wp-content/uploads/2017/12/Air-Pollution-800x533.jpg 800w, https://newsroom.posco.com/en/wp-content/uploads/2017/12/Air-Pollution-768x512.jpg 768w" sizes="(max-width: 640px) 100vw, 640px" /></a><p class="wp-caption-text">In major cities around the world, industrial activity is creating visible damages. (Source: <a href="http://www.ibtimes.com/china-air-pollution-heavy-smog-beijing-officials-vow-make-skies-blue-again-2502893" target="_blank" rel="noopener">International Business Times</a>)</p></div>
<p><span style="font-weight: 400;">In order to meet this mark, industries need to find sustainable sources of fuel in the near future, or be met with </span><a href="https://www.lion.com/lion-news/october-2017-(1)/acid-rain-excess-emissions-penalty-adjusted-for-20" target="_blank" rel="noopener"><span style="font-weight: 400;">costly penalties</span></a><span style="font-weight: 400;">. Up to now, the price of non-renewable fuel was too attractive for clean energy to be competitive. However, tighter regulations, major leaps in technology and state-level commitment have birthed a new era of renewable energy. </span></p>
<h2><b>Energy you can bank on</b></h2>
<p><span style="font-weight: 400;">According to </span><a href="https://www.energyandcapital.com/articles/renewable-energy-investing-for-2018/6160" target="_blank" rel="noopener"><span style="font-weight: 400;">Bloomberg analysts</span></a><span style="font-weight: 400;">, USD 10.2 trillion will be spent on new power generation by 2040, 72 percent of which will go towards wind and solar photovoltaic plants. By then, the cost of solar electricity will drop 66 percent, meaning by 2021, solar power will be cheaper than energy from coal in China, India, Mexico and the UK. The cost of onshore wind power will decrease by 47 percent by 2040, and offshore wind power by 71 percent thanks to more advanced and cost-effective wind turbines.  </span></p>
<p><span style="font-weight: 400;">Renewable energy is getting more and more competitive, and companies who don’t make the switch to clean fuel will be left out of the race. </span></p>
<p><strong>SEE ALSO: <a href="https://newsroom.posco.com/en/posco-sees-future-renewable-energy-2/?utm_source=blog&amp;utm_medium=social" target="_blank" rel="noopener">How POSCO Sees a Future of Renewable Energy</a></strong></p>
<h2><b>However, electricity doesn’t fall from trees. </b></h2>
<p><span style="font-weight: 400;">It falls from steel! Tons of steel (literally) are used to extract and convert energy from renewable energy sources. </span></p>
<h3><b>Wind Energy</b></h3>
<p><span style="font-weight: 400;">Most wind turbines are made of steel, and for an average wind turbine, </span><a href="https://www.youtube.com/watch?v=WcalP7jFoVM" target="_blank" rel="noopener"><span style="font-weight: 400;">140 tons of steel</span></a><span style="font-weight: 400;"> are used. That accounts for 80 percent of all the materials that go into the </span><a href="https://newsroom.posco.com/en/steel-solutions-in-wind-power/?utm_source=blog&amp;utm_medium=social" target="_blank" rel="noopener"><span style="font-weight: 400;">tower, the nacelle, rotor blades and its supporting facilities</span></a><span style="font-weight: 400;">. The majority of steel is used to make the tower which serves as the foundation on which the blades turn to generate energy. There are several types of turbine towers, such as steel-concrete hybrid towers, steel truss towers and steel lattice towers, but about 90 percent of all wind turbine towers are made of </span><a href="https://newsroom.posco.com/en/steel-solutions-in-wind-power/?utm_source=blog&amp;utm_medium=social" target="_blank" rel="noopener"><span style="font-weight: 400;">tubular steel</span></a><span style="font-weight: 400;">. Also, steel’s non-corrosive properties maximize the lifetime of wind turbines and minimize maintenance costs.</span></p>
<div class="video_wrap"><iframe src="https://www.youtube.com/embed/7lAChLliIVg?rel=0" width="300" height="150" allowfullscreen="allowfullscreen"><span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start">﻿</span><span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start"><span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start">﻿</span></span></iframe></div>
<h3><b>Solar Energy</b></h3>
<p><span style="font-weight: 400;">Solar electricity is one of the most promising types of renewable energy. By as soon as 2030, it can make up </span><a href="https://www.youtube.com/watch?v=WcalP7jFoVM" target="_blank" rel="noopener"><span style="font-weight: 400;">13 percent of the world’s energy</span></a><span style="font-weight: 400;">, and by 2050, the sun will be the largest source of electricity on earth. And steel will be soaking it all up &#8211; the sunlight that is. Steel makes up not only the frame of the solar panels, but the heat exchangers and other related infrastructure. Stainless steel is a great choice for solar panel frames because it is </span><a href="http://www.worldstainless.org/Files/ISSF/non-image-files/PDF/ISSF_Stainless_Steel_in_Solar_Energy_Use.pdf" target="_blank" rel="noopener"><span style="font-weight: 400;">dense, high in strength and has the greatest corrosion-resistance</span></a><span style="font-weight: 400;"> than other light metals.  </span></p>
<div class="video_wrap"><iframe src="https://www.youtube.com/embed/WcalP7jFoVM?rel=0" width="300" height="150" allowfullscreen="allowfullscreen"><span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start">﻿</span><span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start"><span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start">﻿</span></span></iframe></div>
<p><strong>SEE ALSO: <a href="https://newsroom.posco.com/en/india-global-renewable-energy-industry/?utm_source=blog&amp;utm_medium=social" target="_blank" rel="noopener">India: A Rising Sun in the Global Renewable Energy Industry</a></strong></p>
<h3><b>Geothermal Energy</b></h3>
<p><span style="font-weight: 400;">Mother earth just keeps on giving. There are about </span><a href="https://www.youtube.com/watch?v=jm77mqRsYAk" target="_blank" rel="noopener"><span style="font-weight: 400;">1400 TWh of geothermal energy</span></a><span style="font-weight: 400;"> in the earth’s core that can be harvested by 2050. Geothermal energy gives off extreme heat, so it is vital for the </span><a href="http://www.stainless-steel-world.net/blogs/42/stainless-steel-in-renewable-energy-applications.html" target="_blank" rel="noopener"><span style="font-weight: 400;">heat exchangers, condensers, pipes, filters, pumps and valves</span></a><span style="font-weight: 400;"> to be corrosion resistant. Otherwise, maintenance costs would be unsustainable and corrosion can contaminate the water as well. That’s why most of the infrastructure related to geothermal energy is made of iron castings, stainless steel and steel alloys.</span></p>
<div class="video_wrap"><iframe src="https://www.youtube.com/embed/jm77mqRsYAk?rel=0" width="300" height="150" allowfullscreen="allowfullscreen"><span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start">﻿</span><span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start"><span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start">﻿</span></span></iframe></div>
<h3><b>Tidal Energy</b></h3>
<p><span style="font-weight: 400;">There’s plenty of energy in the sea as well. In the world’s oceans, there are about </span><a href="https://www.youtube.com/watch?v=JVv9hoxTzZQ" target="_blank" rel="noopener"><span style="font-weight: 400;">1 million megawatts</span></a><span style="font-weight: 400;"> of usable tidal energy. Steel makes up most parts of the underwater turbines including the nacelles, support structures and underlying piles for a sturdy and sustainable power source. As with other renewable energy, increasing the lifetime and decreasing maintenance costs will determine the competitiveness of tidal energy. Thus, stainless steel is the go-to material for corrosion resistance. The infrastructure related to tidal energy extraction is massive in scale and will call for </span><a href="http://e360.yale.edu/features/will_tidal_and_wave_energy_ever_live_up_to_their_potential" target="_blank" rel="noopener"><span style="font-weight: 400;">thousands and thousands of pounds</span></a><span style="font-weight: 400;"> of steel to construct.  </span></p>
<div class="video_wrap"><iframe src="https://www.youtube.com/embed/JVv9hoxTzZQ?rel=0" width="300" height="150" allowfullscreen="allowfullscreen"><span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start">﻿</span><span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start"><span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start">﻿</span></span></iframe></div>
<p><span style="font-weight: 400;">Korea is the largest source of tidal energy in the world, with 552.7 GHw of electricity harvested from Siwha Lake every year. It’s also where steelmaker POSCO is located to provide the necessary types and grades of steel for renewable energy production. </span></p>
<p><span style="font-weight: 400;">POSCO E&amp;C has its own </span><a href="http://www.poscoenc.com/eng/business/business_career.asp?hDEPTH2=2&amp;hDEPTH3=7" target="_blank" rel="noopener"><span style="font-weight: 400;">solar, wind, tidal and refuse-derived fuel (RDF) plants</span></a><span style="font-weight: 400;">, which makes sure even industrial wastes get turned into energy. The company was also the first company in Korea to build a solar power plant in 8 different regions capable of generating </span><a href="http://www.poscoenc.com/eng/pr/press_release_view.asp?hBOARD_ID=PR&amp;hDOC_ID=351" target="_blank" rel="noopener"><span style="font-weight: 400;">31.2MW of solar electricity</span></a><span style="font-weight: 400;">. </span></p>
<p><span style="font-weight: 400;">In order to stay competitive in the market, industries are already using or transitioning towards renewable energy sources to fuel their business activities. As governments around the globe also commit to a greener future, the demand for steel used in renewable energy infrastructure will see a significant boost. </span></p>
<p><span style="font-weight: 400;">Cover photo courtesy of the </span><a href="https://www.nationalgeographic.com/environment/global-warming/global-warming-effects/" target="_blank" rel="noopener"><span style="font-weight: 400;">National Geographic</span></a><span style="font-weight: 400;">.</span></p>
]]></content:encoded>
																				</item>
					<item>
				<title>Ask an Expert: Taking a Life Cycle Approach to Automotive Environmental Policy</title>
				<link>https://newsroom.posco.com/en/taking-life-cycle-approach-automotive-environmental-policy/</link>
				<pubDate>Fri, 19 May 2017 09:58:45 +0000</pubDate>
				<dc:creator><![CDATA[posconews]]></dc:creator>
						<category><![CDATA[POSCO Reports]]></category>
		<category><![CDATA[automakers]]></category>
		<category><![CDATA[automotive]]></category>
		<category><![CDATA[automotive steel]]></category>
		<category><![CDATA[California]]></category>
		<category><![CDATA[CO2 emissions]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[GHG]]></category>
		<category><![CDATA[LCA]]></category>
		<category><![CDATA[lightweight]]></category>
		<category><![CDATA[production]]></category>
		<category><![CDATA[vehicle]]></category>
									<description><![CDATA[To reduce CO2 emissions, automakers have been working toward lightweight solutions that help build more fuel-efficient cars. However, the production emissions]]></description>
																<content:encoded><![CDATA[<p><i><span style="font-weight: 400;">To reduce CO2 emissions, automakers have been working toward </span></i><a href="https://newsroom.posco.com/en/automakers-look-to-steel-for-lower-co2-emissions/" target="_blank" rel="noopener"><i><span style="font-weight: 400;">lightweight solutions that help build more fuel-efficient cars</span></i></a><i><span style="font-weight: 400;">. However, the <a href="https://newsroom.posco.com/en/auto-industry-finds-steel-solution-lightweighting/" target="_blank" rel="noopener">production emissions of some light weighting materials are so high</a></span></i><i><span style="font-weight: 400;"> they offset any benefits gained. </span></i></p>
<p><a href="https://newsroom.posco.com/en/posco-giga-steel-offers-solutions-evolving-auto-industry/" target="_blank" rel="noopener"><i><span style="font-weight: 400;">POSCO GIGA STEEL</span></i></a><i><span style="font-weight: 400;"> was developed to provide automakers with a high strength, lightweight material solution that also produces significantly less production emissions and is completely recyclable. <a href="https://newsroom.posco.com/en/infographic-driving-future-posco-giga-steel/" target="_blank" rel="noopener">Take a look at our infographic</a> to find out more about POSCO GIGA STEEL and the benefits it offers for automakers looking for lightweight, sustainable steel solutions.  </span></i></p>
<p><i><span style="font-weight: 400;">In this contribution article, Dr. Roland Geyer, associate professor at the Bren School of Environmental Science and Management at the University of California at Santa Barbara, explores why we need to move beyond fuel efficiency as the sole determinant in measuring a car’s sustainability. Dr. Geyer argues that we need to look at the full life cycle of a car &#8211; from production to disposal.</span></i></p>
<p><span style="font-weight: 400;">Policies with the goal of reducing climate change impacts from cars focus on reducing tailpipe emissions. While automakers can respond by improving fuel economy with lightweight materials, this can lead to an increase in carbon emissions over the life of a vehicle. Taking a lifecycle approach to automotive environmental policy—from production to disposal—helps avoid such unintended consequences.</span></p>
<h2><b>Tailpipe Mitigation is Not Enough</b></h2>
<p><span style="font-weight: 400;">Most climate impacts from internal combustion vehicles come from tailpipe carbon dioxide (CO2) emissions. The other life cycle stages, which include vehicle production, fuel production, and vehicle disposal, have much lower greenhouse gas (GHG) emissions. Understandably, therefore legislators focus on curbing tailpipe CO2 emissions and increasing fuel economy. However, automotive climate policy with an exclusive focus on tailpipe emissions opens the door to unintended consequences. This is equally true for vehicles that use biofuels, electric power trains, or lightweight materials to increase fuel economy.</span></p>
<div id="attachment_11668" style="width: 1310px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en/wp-content/uploads/2017/05/Production-Share-of-Life-Cycle-GHG-Emissions.png" target="_blank" rel="noopener"><img class="wp-image-11668" src="https://newsroom.posco.com/en/wp-content/uploads/2017/05/Production-Share-of-Life-Cycle-GHG-Emissions.png" alt="Chart showing various levels of tailpipe emissions" width="1300" height="838" srcset="https://newsroom.posco.com/en/wp-content/uploads/2017/05/Production-Share-of-Life-Cycle-GHG-Emissions.png 4057w, https://newsroom.posco.com/en/wp-content/uploads/2017/05/Production-Share-of-Life-Cycle-GHG-Emissions-800x515.png 800w, https://newsroom.posco.com/en/wp-content/uploads/2017/05/Production-Share-of-Life-Cycle-GHG-Emissions-768x495.png 768w, https://newsroom.posco.com/en/wp-content/uploads/2017/05/Production-Share-of-Life-Cycle-GHG-Emissions-1024x660.png 1024w" sizes="(max-width: 1300px) 100vw, 1300px" /></a><p class="wp-caption-text">As use phase emissions are minimized, Production phase share of emissions in the total life cycle increases significantly.</p></div>
<p><span style="font-weight: 400;">Critics of biofuels contend that they can cause, directly or indirectly, more GHG emissions than they avoid. Skeptics of electromobility argue that the GHG emissions of producing electric vehicles—and the electricity to drive them—can outweigh their lack of tailpipe emissions. The production of lightweight materials is typically GHG-intensive, so their widespread use would significantly increase the climate change impact of vehicle production. Good environmental policy aimed at reducing climate impact from vehicles, therefore, needs to consider these “upstream emissions,” which could severely compromise or even negate their climate change mitigation goals.</span></p>
<div id="attachment_11673" style="width: 1310px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en/wp-content/uploads/2017/05/Lightweighting-Strategies-2.png" target="_blank" rel="noopener"><img class="wp-image-11673" src="https://newsroom.posco.com/en/wp-content/uploads/2017/05/Lightweighting-Strategies-2.png" alt="This chart shows how different lightweighting strategies can have vastly different consequences" width="1300" height="1187" srcset="https://newsroom.posco.com/en/wp-content/uploads/2017/05/Lightweighting-Strategies-2.png 2839w, https://newsroom.posco.com/en/wp-content/uploads/2017/05/Lightweighting-Strategies-2-800x730.png 800w, https://newsroom.posco.com/en/wp-content/uploads/2017/05/Lightweighting-Strategies-2-768x701.png 768w, https://newsroom.posco.com/en/wp-content/uploads/2017/05/Lightweighting-Strategies-2-1024x935.png 1024w" sizes="(max-width: 1300px) 100vw, 1300px" /></a><p class="wp-caption-text">Without LCA, some lightweighting strategies can lead to a net increase in total life cycle emissions—an unintended consequence.</p></div>
<p>&nbsp;</p>
<h2><b>The Unintended Consequences of Vehicle Lightweighting</b></h2>
<p><span style="font-weight: 400;">Vehicle lightweighting, in particular, poses a threat to effective automotive climate policy. Lightweighting can increase total climate impact and defeat the purpose of the policy since the increase in emissions from vehicle production can be larger than the emissions saved due to improved fuel economy. The trend of increasing drive-train efficiency and decreasing carbon intensity of fuels and electricity will further reduce any benefits gained from decreasing the weight of the vehicle. The importance of addressing the unintended consequences of tailpipe-only regulation, therefore, will only grow in the future.</span></p>
<p><span style="font-weight: 400;">Therefore the 2014 revision to the EU’s regulation on CO2 emissions from new passenger cars states that “policy action should […] ensure that those upstream emissions do not erode the benefits related to the improved operational energy use of vehicles.”</span></p>
<h2><b>Life Cycle Assessment Helps Avoid Unintended Consequences</b></h2>
<p><span style="font-weight: 400;">The only way to avoid unintended consequences is to use life cycle thinking and life cycle assessment (LCA). LCA is a mature environmental assessment tool with global standards and close to 50 years of development and practice. It provides a rigorous methodology to account for all emissions generated during the life of a product, making it the ideal tool to identify and quantify environmental trade-offs.</span></p>
<p><a href="https://newsroom.posco.com/en/wp-content/uploads/2017/05/What-does-455kg-of-CO2-mean-2.png" target="_blank" rel="noopener"><img class="aligncenter wp-image-11672" src="https://newsroom.posco.com/en/wp-content/uploads/2017/05/What-does-455kg-of-CO2-mean-2.png" alt="An additional 455kg of CO2 means each person would need to plant 7.5 new trees per year" width="1300" height="463" srcset="https://newsroom.posco.com/en/wp-content/uploads/2017/05/What-does-455kg-of-CO2-mean-2.png 2428w, https://newsroom.posco.com/en/wp-content/uploads/2017/05/What-does-455kg-of-CO2-mean-2-300x107.png 300w, https://newsroom.posco.com/en/wp-content/uploads/2017/05/What-does-455kg-of-CO2-mean-2-768x274.png 768w, https://newsroom.posco.com/en/wp-content/uploads/2017/05/What-does-455kg-of-CO2-mean-2-1024x365.png 1024w" sizes="(max-width: 1300px) 100vw, 1300px" /></a></p>
<p><span style="font-weight: 400;">Today LCA is widely used by academia, industry, government, and non-governmental organizations. Together with academia, companies and industry associations are leading the way in the deployment of LCA. Most car manufacturers are already using life cycle thinking and LCA, which is equally accepted by material producers.  </span></p>
<p><a href="https://newsroom.posco.com/en/wp-content/uploads/2017/05/Vehicle-Life-Cycle.png" target="_blank" rel="noopener"><img class="aligncenter wp-image-11675 size-full" src="https://newsroom.posco.com/en/wp-content/uploads/2017/05/Vehicle-Life-Cycle.png" alt="Vehicle Life Cycle" width="4484" height="3188" srcset="https://newsroom.posco.com/en/wp-content/uploads/2017/05/Vehicle-Life-Cycle.png 4484w, https://newsroom.posco.com/en/wp-content/uploads/2017/05/Vehicle-Life-Cycle-800x569.png 800w, https://newsroom.posco.com/en/wp-content/uploads/2017/05/Vehicle-Life-Cycle-768x546.png 768w, https://newsroom.posco.com/en/wp-content/uploads/2017/05/Vehicle-Life-Cycle-1024x728.png 1024w" sizes="(max-width: 4484px) 100vw, 4484px" /></a></p>
<p><span style="font-weight: 400;">Environmental agencies around the world support LCA, including those of the European Commission, which call it the “the best framework for assessing the potential environmental impacts of products currently available.” Life-cycle-based environmental regulation is in its infancy and not without challenges. Nevertheless, environmental regulators and policymakers have begun to draft legislation with a life cycle perspective, such as California’s Low Carbon Fuel Standard. The regulation of automotive GHG emissions provides a unique opportunity to align regulatory practice with the state of the art in environmental product policy and launch a new area of successful environmental legislation free of major unintended consequences.</span></p>
<p>&nbsp;</p>
<table style="border-color: #000000; background-color: #dbdbdb;" border="1" cellpadding="15">
<tbody>
<tr>
<td><span style="font-size: 12pt;"><i>Dr. Roland Geyer is an Associate Professor at the Bren School of Environmental Science and Management at the University of California at Santa Barbara. Professor Geyer’s work focuses on the life cycle of manufactured goods and in the environmental and economic potential of reuse and recycling activities. He also studies the evolution of green business plans, a model that relates corporate financial performance to corporate environmental performance. He has also worked extensively as an advisor to the steel industry as it evolves and creates better products that can be made with fewer resources.</i><i></i></span></p>
<p><span style="font-size: 12pt;">For more information on automotive steel and life cycle assessments, please visit <a href="http://www.worldautosteel.org/" target="_blank" rel="noopener">World Auto Steel</a>.  </span></td>
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				<title>Infographic: Driving the Future with POSCO GIGA STEEL</title>
				<link>https://newsroom.posco.com/en/infographic-driving-future-posco-giga-steel/</link>
				<pubDate>Fri, 12 May 2017 15:58:47 +0000</pubDate>
				<dc:creator><![CDATA[posconews]]></dc:creator>
						<category><![CDATA[Business]]></category>
		<category><![CDATA[advanced high strength steel]]></category>
		<category><![CDATA[AHSS]]></category>
		<category><![CDATA[aluminum]]></category>
		<category><![CDATA[auto industry]]></category>
		<category><![CDATA[auto manufacturers]]></category>
		<category><![CDATA[auto parts]]></category>
		<category><![CDATA[automakers]]></category>
		<category><![CDATA[automobile industry]]></category>
		<category><![CDATA[automobile manufacturers]]></category>
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		<category><![CDATA[vehicle]]></category>
									<description><![CDATA[As standards for fuel efficiency, CO2 emissions, and auto safety become more strict, auto manufacturers and consumers are looking for lighter, more]]></description>
																<content:encoded><![CDATA[<p><span style="font-weight: 400;">As standards for </span><a href="https://newsroom.posco.com/en/automakers-look-to-steel-for-lower-co2-emissions/" target="_blank" rel="noopener"><span style="font-weight: 400;">fuel efficiency, CO2 emissions, and auto safety</span></a><span style="font-weight: 400;"> become more strict, auto manufacturers and consumers are looking for lighter, more eco-friendly, and safer cars. As the auto industry changes, POSCO GIGA STEEL provides an ideal solution for both auto manufacturers and consumers. </span></p>
<p><span style="font-weight: 400;">It combines several unique features: </span></p>
<ul>
<li style="font-weight: 400;"><b>Strength &amp; Safety: </b><span style="font-weight: 400;">POSCO GIGA STEEL is more than three times stronger than automotive aluminum. Because of its high strength, POSCO GIGA STEEL also adheres to some of the most stringent international safety standards.</span></li>
</ul>
<ul>
<li style="font-weight: 400;"><strong>Formability: </strong>Because the mixing ratio of manganese has been precisely controlled, POSCO GIGA STEEL has highly formable properties that allow it to be made into complex auto parts without any special processing.</li>
</ul>
<ul>
<li style="font-weight: 400;"><b><b>Lightweighting: </b></b>Because POSCO GIGA STEEL boasts high strength, it is possible to use less of it. This ultimately makes it lighter than car frames made of general steel or aluminum.</li>
</ul>
<ul>
<li style="font-weight: 400;"><b>Affordability</b><span style="font-weight: 400;"><span style="font-weight: 400;">: POSCO GIGA STEEL is a cost-effective solution for automakers, especially when compared to alternative materials, which in turn helps lower prices for consumers.</span></span></li>
</ul>
<ul>
<li style="font-weight: 400;"><strong>Sustainability: </strong>When looking at the entire lifecycle of a vehicle made with steel, POSCO GIGA STEEL emits 10% lower CO² emissions compared to aluminum.</li>
</ul>
<p><span style="font-weight: 400;">Take a look at the infographic below and discover the benefits that POSCO GIGA STEEL can bring to both automakers and consumers today.</span><a href="https://newsroom.posco.com/en//wp-content/uploads/2017/05/POSCO_Inforgraphic_6차_영문버전-2.png" target="_blank" rel="noopener"><br />
</a></p>
<p><a href="https://newsroom.posco.com/en/wp-content/uploads/2017/05/POSCO_Inforgraphic_POSCO-GIGA-STEEL-automotive-steel.png" target="_blank" rel="noopener"><img class="aligncenter wp-image-11960 size-full" src="https://newsroom.posco.com/en/wp-content/uploads/2017/05/POSCO_Inforgraphic_POSCO-GIGA-STEEL-automotive-steel.png" alt="Infographic: Driving the Future with POSCO GIGA STEEL" width="1300" height="9715" srcset="https://newsroom.posco.com/en/wp-content/uploads/2017/05/POSCO_Inforgraphic_POSCO-GIGA-STEEL-automotive-steel.png 1300w, https://newsroom.posco.com/en/wp-content/uploads/2017/05/POSCO_Inforgraphic_POSCO-GIGA-STEEL-automotive-steel-107x800.png 107w, https://newsroom.posco.com/en/wp-content/uploads/2017/05/POSCO_Inforgraphic_POSCO-GIGA-STEEL-automotive-steel-768x5739.png 768w, https://newsroom.posco.com/en/wp-content/uploads/2017/05/POSCO_Inforgraphic_POSCO-GIGA-STEEL-automotive-steel-137x1024.png 137w" sizes="(max-width: 1300px) 100vw, 1300px" /></a></p>
<p>&nbsp;</p>
<p><strong><a href="https://newsroom.posco.com/en/subscribe/" target="_blank" rel="noopener"><b>Don</b><b><span lang="EN-US"><span lang="EN-US">’</span></span></b><b>t miss any of the exciting stories from The Steel Wire </b><b><span lang="EN-US"><span lang="EN-US">–</span></span></b><b> subscribe via email today</b></a>.</strong></p>
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				<title>Automakers Look to Steel for Lower CO2 Emissions</title>
				<link>https://newsroom.posco.com/en/automakers-look-to-steel-for-lower-co2-emissions/</link>
				<pubDate>Mon, 17 Apr 2017 11:00:15 +0000</pubDate>
				<dc:creator><![CDATA[posconews]]></dc:creator>
						<category><![CDATA[POSCO Reports]]></category>
		<category><![CDATA[advanced high strength steel]]></category>
		<category><![CDATA[AHSS]]></category>
		<category><![CDATA[auto industry]]></category>
		<category><![CDATA[automakers]]></category>
		<category><![CDATA[automobile industry]]></category>
		<category><![CDATA[automobile manufacturers]]></category>
		<category><![CDATA[automotive industry]]></category>
		<category><![CDATA[automotive steel]]></category>
		<category><![CDATA[BMW i3]]></category>
		<category><![CDATA[car]]></category>
		<category><![CDATA[car makers]]></category>
		<category><![CDATA[carbon]]></category>
		<category><![CDATA[cars]]></category>
		<category><![CDATA[Chevrolet Volt]]></category>
		<category><![CDATA[CO2 emissions]]></category>
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		<category><![CDATA[electric cars]]></category>
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		<category><![CDATA[greenhouse gases]]></category>
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		<category><![CDATA[production]]></category>
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		<category><![CDATA[Tesla Model S]]></category>
		<category><![CDATA[Toyota Prius]]></category>
		<category><![CDATA[transportation]]></category>
		<category><![CDATA[vehicle]]></category>
									<description><![CDATA[Twenty years ago, Toyota debuted the first mass-produced hybrid vehicle, but today almost every major car manufacturer has a hybrid or electric car on the]]></description>
																<content:encoded><![CDATA[<p><span style="font-weight: 400;">Twenty years ago, Toyota debuted the first mass-produced hybrid vehicle, but today almost every major car manufacturer has a hybrid or electric car on the production line. Just last week, </span><a href="https://www.bloomberg.com/news/articles/2017-04-10/tesla-passes-gm-as-musk-s-carmaker-becomes-america-s-top-valued" target="_blank" rel="noopener"><span style="font-weight: 400;">Tesla surpassed Ford and GM</span></a><span style="font-weight: 400;"> to become the most valuable car maker in the US, signaling to the auto industry that investors are serious about banking on the future of electric vehicles. </span></p>
<p><span style="font-weight: 400;">Several factors are contributing to the growing interest in electric vehicles. Stricter CO2 emission standards are changing the way cars are being made, and consumers are becoming more environmentally conscious at the same time. To produce more fuel efficient vehicles, car makers are looking to advanced materials in lightweighting that can help make vehicles more eco-friendly while being safe and affordable. </span></p>
<h2><b>The Push to Reduce Carbon Emissions</b></h2>
<p><span style="font-weight: 400;">In the US, the transportation sector produces </span><a href="https://www.epa.gov/ghgemissions/sources-greenhouse-gas-emissions" target="_blank" rel="noopener"><span style="font-weight: 400;">nearly 30 percent of all global warming emissions</span></a><span style="font-weight: 400;">, and more than half of those emissions come from passenger vehicles. Between 1990 and 2004, the average fuel economy of new vehicles actually decreased, but since 2005 those numbers have begun to improve, resulting in less greenhouse emissions (see chart below). </span></p>
<div id="attachment_11285" style="width: 650px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en/wp-content/uploads/2017/04/chart.png" target="_blank" rel="noopener"><img class="wp-image-11285 size-large" src="https://newsroom.posco.com/en/wp-content/uploads/2017/04/chart-1024x853.png" alt="Between 1990 and 2004, greenhouse gas emissions increased, but since 2005 those numbers have begun to improve, resulting in less greenhouse emissions (chart below)." width="640" height="533" srcset="https://newsroom.posco.com/en/wp-content/uploads/2017/04/chart-1024x853.png 1024w, https://newsroom.posco.com/en/wp-content/uploads/2017/04/chart-800x667.png 800w, https://newsroom.posco.com/en/wp-content/uploads/2017/04/chart-768x640.png 768w, https://newsroom.posco.com/en/wp-content/uploads/2017/04/chart.png 1200w" sizes="(max-width: 640px) 100vw, 640px" /></a><p class="wp-caption-text">Greenhouse gas emissions from the transportation sector remain high but have gone down in recent years. Increased efforts by the auto industry to produce more fuel-efficient cars is helping this trend. (Source: EPA Inventory of US Greenhouse Gas Emissions and Sinks: 1990-2014)</p></div>
<p><span style="font-weight: 400;">As air pollution gets worse and global temperatures continue to rise, governments, consumers, and car manufacturers have all seen the urgency in creating more fuel-efficient vehicles. However, in order to build electric vehicles, hybrid cars, and even more fuel efficient combustion engine autos, new materials and production methods must be used. Specifically, cars need to be lighter. </span></p>
<h2><b>Reducing Weight, Reducing CO2 Emissions </b></h2>
<p><span style="font-weight: 400;">The heavier a car is, the more fuel is required to move it. A </span><a href="http://www.nrcan.gc.ca/energy/efficiency/transportation/cars-light-trucks/buying/16755" target="_blank" rel="noopener"><span style="font-weight: 400;">study from MIT found that for each 100-kg reduction in a car’s body weight</span></a><span style="font-weight: 400;">, fuel consumption could decrease by about 0.3 L/100 km for cars and about 0.4 L/100 km for light trucks. This not only translates into fewer CO2 emissions but also into cost savings for consumers. The following table provides estimated fuel cost savings for a range of weight reductions. Today’s cars and light trucks weigh between 1,000 to 3,800 kg.</span></p>
<table class=" aligncenter" style="width: 600px; height: 501px;" cellpadding="2">
<tbody>
<tr style="height: 37px;">
<td style="width: 586px; height: 37px; text-align: center;" colspan="3">
<h3><strong>Estimated Fuel Cost Savings</strong></h3>
</td>
</tr>
<tr style="height: 74px;">
<td style="width: 188px; height: 74px;"><strong>Weight reduction</strong></td>
<td style="width: 192px; height: 74px;"><strong>Estimated fuel cost savings over 200,000 km &#8211; cars</strong></td>
<td style="width: 194px; height: 74px;"><strong>Estimated fuel cost savings over 200,000 km &#8211; light trucks</strong></td>
</tr>
<tr style="height: 50px;">
<td style="width: 188px; height: 50px; background-color: #d9d9d9;"><strong>10 kg</strong></td>
<td style="width: 192px; height: 50px; background-color: #d9d9d9;">$65</td>
<td style="width: 194px; height: 50px; background-color: #d9d9d9;">$87</td>
</tr>
<tr style="height: 50px;">
<td style="width: 188px; height: 50px;"><strong>25 kg</strong></td>
<td style="width: 192px; height: 50px;">$164</td>
<td style="width: 194px; height: 50px;">$218</td>
</tr>
<tr style="height: 50px;">
<td style="width: 188px; height: 50px; background-color: #d9d9d9;"><strong>50 kg</strong></td>
<td style="width: 192px; height: 50px; background-color: #d9d9d9;">$327</td>
<td style="width: 194px; height: 50px; background-color: #d9d9d9;">$436</td>
</tr>
<tr style="height: 50px;">
<td style="width: 188px; height: 50px;"><strong>100 kg</strong></td>
<td style="width: 192px; height: 50px;">$654</td>
<td style="width: 194px; height: 50px;">$872</td>
</tr>
<tr style="height: 51px;">
<td style="width: 188px; height: 51px; background-color: #d9d9d9;"><strong>200 kg</strong></td>
<td style="width: 192px; height: 51px; background-color: #d9d9d9;">$1,308</td>
<td style="width: 194px; height: 51px; background-color: #d9d9d9;">$1,744</td>
</tr>
<tr style="height: 51px;">
<td style="width: 188px; height: 51px;"><strong>400 kg </strong></td>
<td style="width: 192px; height: 51px;">$2,616</td>
<td style="width: 194px; height: 51px;">$3,488</td>
</tr>
<tr style="height: 51px;">
<td style="width: 188px; height: 51px; background-color: #d9d9d9;"><strong>1,000 kg</strong></td>
<td style="width: 192px; height: 51px; background-color: #d9d9d9;">$6,540</td>
<td style="width: 194px; height: 51px; background-color: #d9d9d9;">$8,720</td>
</tr>
<tr style="height: 51px;">
<td style="width: 188px; height: 51px; background-color: #ffffff;" colspan="3">Note: For illustrative purposes, savings are based on a fuel price of $1,09/L and the average fuel consumption and weight relationship reported by MIT.</p>
<p>[Source: Savings are based on a fuel price of $1.09/L and the average fuel consumption and weight relationship reported by MIT.]</td>
</tr>
</tbody>
</table>
<h3></h3>
<h3></h3>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p><span style="font-weight: 400;">Manufacturers have been testing new materials to use in their cars in order to make the weight reductions necessary for a viable EV. Utilization of </span><span style="font-weight: 400;">alternative materials like aluminum, magnesium, and carbon fiber components</span><span style="font-weight: 400;"> are increasing due to their lightweight properties. However, additional </span><a href="https://newsroom.posco.com/en/posco-giga-steel-offers-solutions-evolving-auto-industry/" target="_blank" rel="noopener"><span style="font-weight: 400;">financial and environmental costs remain high</span></a><span style="font-weight: 400;">. </span></p>
<p>In the past, in order to make steel lighter, sacrifices had to be made in strength and ductility. However, recent innovations in advanced high-strength steels (AHSS) have been able to bridge that gap. To demonstrate the recent advancements made with AHSS, engineers designed the <a href="http://www.poscopac.com/eng/sub02/05_01.php" target="_blank" rel="noopener">PBC-EV, or POSCO Body Concept-Electric Vehicle</a>, using POSCO GIGA STEEL. <span style="color: #000000;">The PBC-EV car body was able to achieve a 26.4% reduction in total weight when compared to cars of the same size without any sacrifices in safety or structural integrity. </span></p>
<h2><b></b>The Eco-friendly Life Cycle of AHSS</h2>
<p>When measuring greenhouse emissions of cars, one must also look beyond the immediate impact of gasoline consumption and view the material more holistically through a life cycle assessment. The emissions costs related to the extraction and production of automobile materials can be high. However, technological advancements in steel production have been able to reduce CO2 emissions &#8211; helping to make it one of the most eco-friendly materials for car makers.</p>
<p><span style="color: #000000;">Based on its life cycle assessment, measuring carbon dioxide emissions from production to recycling, <a href="https://newsroom.posco.com/en/posco-giga-steel-offers-solutions-evolving-auto-industry/" target="_blank" rel="noopener">POSCO GIGA STEEL</a> performs remarkably well as an eco-friendly material. Steel emits 2.0 to 2.5 kg of carbon emissions when producing 1 kg of material while aluminum emits 11 to 12.6 kg when producing the same amount. Even after production, cumulative greenhouse gas emissions of vehicles made with steel is 10% lower when looking at the full life cycle.</span></p>
<p>Lastly, steel remains the most recycled materials on the planet, and automobiles maintain a recycling rate of nearly 100 percent. Almost all steel products contain recycled steel as steel scrap is a necessary ingredient when producing new steel.</p>
<p><span style="font-weight: 400;">Advancements in AHSS have allowed the auto industry to move beyond the barriers that have held it back in the past. As consumers demand more fuel efficient driving options and as governments around the world impose more strict emissions standards, material advancements in steel will become more critical. It is the breakthroughs in steel technology like these that are helping to bring lightweight, fuel-efficient cars to market.</span></p>
<p>&nbsp;</p>
<p>Throughout April and May, <em>The Steel Wire</em> is exploring trends in the auto industry and how POSCO’s innovations in automotive steel is leading the way toward lighter, stronger, and more affordable cars.</p>
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