+
Massive investment needed for India's Net-Zero goal, says CEEW report
ECONOMY & POLICY

Massive investment needed for India's Net-Zero goal, says CEEW report

A recent report by the Council on Energy, Environment, and Water (CEEW) unveiled the substantial financial investments required to achieve net-zero carbon emissions in India's steel and cement industries. According to the report released, existing steel and cement plants in India will need an additional capital expenditure of Rs 47 trillion to attain net-zero carbon emissions. Moreover, an annual operational expenditure of Rs 1 trillion for each sector is essential to transition to a net-zero carbon footprint.

The analysis highlighted the potential for significant emission reductions, ranging from 8% to 25% in steel emissions and 32% in cement emissions, through the adoption of efficient technologies such as waste-heat recovery and energy-efficient drives and controls. Remarkably, a 33% reduction in the combined carbon emissions of these industries could be achieved with only 8.5% of the total additional capital expenditure and 30% of the additional annual operational expenditure. This reduction is feasible without the need for carbon capture, assuming the supply of alternative fuels and raw materials.

The report emphasised that decarbonising India's steel and cement industries aligns with the country's climate goals while enhancing the competitiveness of these sectors in a global market increasingly focused on sustainability. Arunabha Ghosh, CEO of CEEW, stressed the importance of this transition, highlighting its role in making Indian industries environmentally responsible and well-prepared for a future shaped by sustainability-driven regulations.

The study also provided specific data on the carbon emissions of the Indian steel industry, indicating that in 2021-22, it emitted 297 million tonnes of CO2 during crude steel production. This resulted in an average emission intensity of 2.36 tCO2/tcs. The report pointed out that the cost of steel production would rise as emission intensity limits become stricter. Depending on production routes, technology choices, and the costs associated with carbon capture, utilisation, and storage (CCUS), near net-zero steel production could be 40-70% more expensive than current costs.

The report acknowledged the critical role of CCUS in decarbonising the steel industry, with the potential to reduce as much as 56% of the emissions from this sector. However, it emphasised that CCUS is still in its early stages and must undergo large-scale testing before implementation can be considered.

A recent report by the Council on Energy, Environment, and Water (CEEW) unveiled the substantial financial investments required to achieve net-zero carbon emissions in India's steel and cement industries. According to the report released, existing steel and cement plants in India will need an additional capital expenditure of Rs 47 trillion to attain net-zero carbon emissions. Moreover, an annual operational expenditure of Rs 1 trillion for each sector is essential to transition to a net-zero carbon footprint. The analysis highlighted the potential for significant emission reductions, ranging from 8% to 25% in steel emissions and 32% in cement emissions, through the adoption of efficient technologies such as waste-heat recovery and energy-efficient drives and controls. Remarkably, a 33% reduction in the combined carbon emissions of these industries could be achieved with only 8.5% of the total additional capital expenditure and 30% of the additional annual operational expenditure. This reduction is feasible without the need for carbon capture, assuming the supply of alternative fuels and raw materials. The report emphasised that decarbonising India's steel and cement industries aligns with the country's climate goals while enhancing the competitiveness of these sectors in a global market increasingly focused on sustainability. Arunabha Ghosh, CEO of CEEW, stressed the importance of this transition, highlighting its role in making Indian industries environmentally responsible and well-prepared for a future shaped by sustainability-driven regulations. The study also provided specific data on the carbon emissions of the Indian steel industry, indicating that in 2021-22, it emitted 297 million tonnes of CO2 during crude steel production. This resulted in an average emission intensity of 2.36 tCO2/tcs. The report pointed out that the cost of steel production would rise as emission intensity limits become stricter. Depending on production routes, technology choices, and the costs associated with carbon capture, utilisation, and storage (CCUS), near net-zero steel production could be 40-70% more expensive than current costs. The report acknowledged the critical role of CCUS in decarbonising the steel industry, with the potential to reduce as much as 56% of the emissions from this sector. However, it emphasised that CCUS is still in its early stages and must undergo large-scale testing before implementation can be considered.

Next Story
Building Material

UltraTech’s Limestone Mine Gets India’s First-Ever 7-Star Rating

UltraTech Cement, India’s largest producer of cement and Ready-Mix Concrete (RMC), has received top honours for sustainable mining practices. Thirteen of the company’s limestone mines were awarded star ratings by the Indian Bureau of Mines (IBM), Ministry of Mines, for FY 2023–24 during a ceremony held in Jaipur, Rajasthan. Among these, the Naokari Limestone Mine—part of UltraTech’s Awarpur Cement Works in Chandrapur, Maharashtra—was awarded India’s first-ever 7-star rating for a limestone mine, in recognition of exceptional performance in ‘Green Mining’. The remain..

Next Story
Infrastructure Urban

Sieger Parking Enters Mumbai Market, Expands West India Presence

Sieger Parking, a Coimbatore-headquartered specialist in automated and multi-level car parking systems, has announced its entry into Western India with the launch of a regional office in Mumbai. This move marks a key milestone in the company’s pan-India growth strategy and its commitment to delivering technology-driven, space-efficient parking solutions across urban India. The Mumbai office will serve as the regional headquarters for Maharashtra and neighbouring states, supporting end-to-end operations with on-ground sales, project management, and service teams. The aim is to fast-track..

Next Story
Resources

IGBC Green Kochi Conclave 2025 Champions Culture and Climate Action

The Indian Green Building Council (IGBC), part of CII, hosted the Green Kochi Conclave 2025 on 4 July at Hotel Holiday Inn, Kochi, under the theme “Tharavadu to Tomorrow: Weaving Kerala’s Heritage into a Sustainable Built Environment.” The event brought together policymakers, architects, developers, and thought leaders to discuss Kerala’s progress in blending cultural heritage with sustainable design.  Kerala is emerging as a frontrunner in climate-resilient development, thanks to passive design strategies, rainwater harvesting, cool roof initiatives, and the widespread adopt..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?