“Decarbonising the Indian Steel Industry: Roadmap towards a Green Steel Economy” report identifies five key levers to decarbonize steel: the use of green hydrogen for steel production; the introduction of a more significant share of renewable electricity in captive electricity consumption; carbon capture, utilization, and storage (CCUS) to decarbonize existing carbon-intensive steel production processes; greater use of scrap to make steel; and increasing energy efficiency across steel production processes.
The report proposes a roadmap for realizing a low-carbon steel economy in India, identifying six key objectives:
- Establishing the definition and standards of green and low-carbon steel
- Advancing the uptake of alternative green energy sources such as green H2 and renewable energy
- Announcing a green steel procurement policy and targets to encourage market creation and demand aggregation
- Supporting R&D to advance breakthrough technologies and solutions like H2 and CCUS
- Promoting alternative emissions mitigation actions through pilots and clusters
- Framing mechanisms and frameworks for financing the green steel transition
Access the report here
