India's steel industry, a significant contributor to the nation's carbon emissions, is on the brink of transformation. The government is preparing to roll out a ₹5,000 crore scheme aimed at promoting clean technologies within the sector. With steel production accounting for 10-12% of India's total greenhouse gas emissions, this initiative is not just timely but essential for aligning with global climate goals.
The proposed National Strategy for Sustainable Secondary Steel will primarily benefit secondary steel producers, who are often more agile in adopting innovative practices. By incentivizing cleaner production methods, the government aims to lower the emission intensity of steel production, which currently stands at 2.55 tonnes of CO₂ per tonne of crude steel—significantly higher than the global average of 1.9 tonnes.
This initiative is a response to both domestic pressures for sustainable development and international commitments under the Paris Agreement. As India aims for a steel capacity of 300 million tonnes by 2030, the focus on sustainability could position the country as a leader in green steel production, attracting investment and enhancing export potential.
