Green Steel Policy:
The Steel Ministry is developing a comprehensive green steel policy, encompassing the manufacturing process, required skill set, and funding support, as part of a complete decarbonization strategy.
- Green steel is the eco-friendly production of steel with lower greenhouse gas emissions, possibly reducing costs and enhancing quality compared to traditional methods.
- The steel manufacturing process, involving blast furnaces, basic oxygen furnaces, and electric arc furnaces, is a major global source of carbon emissions, primarily due to the high coal and coke consumption in blast furnace operations.
- A study suggests that with steel demand projected to rise through the 21st century, there is a strong incentive to seek low greenhouse gas (GHG) emission alternatives for steel production.
- India’s domestic steel sector contributes 12% of the country’s greenhouse gas emissions, with an emission intensity of 2.55 tonnes of CO2 per tonne of crude steel, higher than the global average of 1.9 tonnes of CO2.
