India's Steel Production Expansion Poses Risks to Climate Goals
India's intention to double its steel output by 2030 could threaten both national and global climate targets, a report warns.
Overview
A report indicates that India's plan to increase steel production could jeopardize its climate commitments, as reliance on coal-based technologies hampers decarbonization efforts. With 12% of national emissions from steelmaking, this figure could double if current policies are followed. Despite advancements in solar energy and a goal for 500 gigawatts of clean power by 2030, India's steel sector remains heavily coal-dependent. Experts urge a pivot to green steel production to avoid repercussions on global emissions targets and maintain competitiveness in international markets.
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Analysis
- India's steel production plans pose significant risks to climate goals and global emissions targets, emphasizing the need for a transition to cleaner technologies.
Articles (3)
FAQ
India's reliance on coal-based technologies for steel production poses significant risks to both national and global climate goals. The continued use of these technologies could double the sector's emissions, jeopardizing India's net-zero targets and contributing to global emissions increases.
To reach the 300 million tonnes steel production target by 2030, India needs an investment of approximately Rs 10 lakh crore.
Experts recommend a transition to green steel production technologies to reduce emissions and maintain competitiveness in international markets. This includes adopting low-carbon technologies and enhancing sustainability measures.
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