Cool, now the price of steel skyrockets and brings up the cost of everything that uses steel. Maybe we can find a way to do this in a less economically violent way?
If you accept that we need to lower carbon emissions then that means we will need to stop doing some things. Yes some people will be worse off, others better off. Given that change is coming anyway we might as well be on top of it rather than dragged along screaming and kicking.