India's Push for Green Steel Production: Prioritizing Sustainability in Metal Industry
Key Ideas
  • Minister Varma inaugurated MMMM 2024, emphasizing India's steel production advancements and the importance of embracing digitalization and sustainable practices.
  • India aims to reduce carbon intensity by 45% by 2030 and achieve net-zero emissions by 2070, with the steel sector accounting for 12% of the nation's total emissions.
  • The Ministry of Steel introduced a roadmap focusing on strategies like energy efficiency, green hydrogen, and carbon capture technologies to reduce emissions and drive innovation.
  • Industry leaders and stakeholders highlighted the need for collaboration to pursue decarbonization and improve business outcomes in low-carbon steel production.
In New Delhi, Minister Varma inaugurated the MMMM 2024 event, shedding light on India's steel industry advancements and the importance of sustainability in metal production. With India being the second-largest steel producer, Minister Varma emphasized the need for digitalization and sustainable practices to reduce the industry's carbon footprint. He reiterated India's commitments at COP26 to reduce carbon intensity by 45% by 2030 and achieve net-zero emissions by 2070. The Minister highlighted the environmental impact of steel production, stating that the sector contributes significantly to the nation's emissions. To address this, the Ministry of Steel presented a roadmap and action plan focusing on energy efficiency, green hydrogen, and carbon capture technologies to lower emissions. Industry leaders like former Steel Secretary N.N. Sinha emphasized the importance of decarbonization for business success, while stakeholders called for collaboration among metal producers, researchers, and industry players to drive innovation in low-carbon steel production.
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