News from this site On September 11, Indian officials announced that they would formulate a “green steel policy framework” and consider including green steel products in the scope of government public procurement. India's Steel Minister Sandeep Poundrick said the country's steel ministry will also explore encouraging small steel companies to produce low-carbon emission steel.

India's steel industry accounts for 12% of the country's total greenhouse gas emissions. In order to provide some incentives to users who purchase large quantities of "green steel", promote the growth of local low-carbon emission steel demand, and provide support for the sustainable operation of local steel plants, the Indian Ministry of Steel plans to launch the "Green Steel Mission" to promote the country's "Green Steel Mission" Green Steel” development. To this end, the Ministry of Steel has established 13 special working groups. The tasks of these working groups include defining the concept of "green steel", formulating benchmarks, certification and monitoring rules for measuring carbon emissions from steel plants, and developing policy frameworks to implement them in key applications. The terminal creates demand for "green steel". In addition, these working groups will promote energy efficiency improvements on the supply side and explore innovative financing mechanisms and new technology development cooperation opportunities.

At present, the above-mentioned working group has compiled the current research results into a comprehensive report - "Roadmap and Action Plan for Greening the Indian Steel Industry." The report provides a detailed analysis of the current situation of the Indian steel industry and specific steps for green transformation. The report covers key areas such as technological innovation, policy formulation and financial mechanisms to support green transformation. The report includes three key parts in terms of demand-side policies: developing a green steel taxonomy, monitoring carbon dioxide emissions, and creating market incentives; in terms of supply-side policies, it includes energy efficiency, renewable energy, material efficiency, technological transformation, green 7 key contents including hydrogen.

India aims to achieve carbon neutrality by 2070, and as one of the major sources of carbon emissions, the steel industry’s emission reduction efforts are critical to achieving this goal. The carbon emissions per ton of steel in the Indian steel industry have dropped from about 3.1 tons in 2005 to about 2.6 tons in 2020, and India has set a goal of reducing total carbon emissions by 30% to 35% by 2030 compared with 2005. Target.