India's Green Steel Revolution: Path to Net-Zero Emissions by 2070
Key Ideas
  • Ministry of Steel in India has introduced the Taxonomy for Green Steel to categorize low emission steel, aligning with a net-zero emissions target by 2070.
  • Seven pilot projects for using hydrogen in the steel sector have been awarded under the National Green Hydrogen Mission, promoting sustainable steel production.
  • Various ministries like Mines, Environment, and Power have implemented frameworks for recycling, carbon trading, and managing end-of-life vehicles to reduce emissions and promote sustainability.
  • Collaborations between CPSEs of Ministry of Steel and international technology providers aim to promote low carbon steel production and green technologies in the sector.
The Ministry of Steel in India has taken significant steps to decarbonize the steel sector and promote green steel production. The Taxonomy for Green Steel has been introduced to categorize low emission steel, with a roadmap towards achieving net-zero emissions by 2070. The Ministry has also initiated pilot projects for utilizing hydrogen in the steel sector under the National Green Hydrogen Mission. Additionally, various ministries such as Mines, Environment, and Power have released frameworks and policies to promote sustainability in the steel industry. Initiatives like the National Solar Mission, Vehicle Scrapping Policy, and Carbon Credit Trading Scheme aim to reduce emissions and encourage the use of renewable energy sources. Collaborations between CPSEs of the Ministry of Steel and international technology providers further enhance the adoption of green technologies in steel production. This collaborative effort aims to promote low carbon steel production and sustainability in the sector. Overall, the article highlights India's commitment to transitioning towards a greener steel industry and achieving net-zero emissions by 2070 through the implementation of various green technologies and initiatives.
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