Government Investment in Decarbonising (GIDI) Fund: Glenbrook Steel

In 2023, the New Zealand government announced an agreement with New Zealand Steel to replace half of the coal being used at the Glenbrook Steel Mill for recycling of scrap steel with electricity. The government characterizes this as the largest emissions reduction project in New Zealand to date. 

The project will be funded in part (NZD 140 million) by the Government Investment in Decarbonising (GIDI) fund. 

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