JSW Steel to cut down carbon emissions by 23% till 2030

Steel manufacturing major JSW Steel plans to cut down carbon emissions by 23% in 2023 as a part to reduce carbon emissions from the steel industry. The target is 1.95 tonnes of carbon dioxide equivalent (tCO2e) per tonne of produced steel. It includes both direct and indirect carbon emissions from the Vijayanagar, Dolvi, and Salem steel plants of JSW. The company follows the International Energy Agency's (IEA) sustainable development path for the Indian steel sectors, which sees a 60% carbon reduction from iron and steel sectors by 2050. JSW targets a 23% emissions reduction by 2030, representing a 42% cut down from its 2005 baseline, increasing its total emissions reduction by 30 to 35% over the period. The previous month, JSW Future Energy had signed an agreement with Australian Fortescue Future Industries to develop green hydrogen projects within India to use in steel manufacturing. Another private firm of India, Jindal Steel and Power Ltd (JSPL), told the media that the company is working on injecting hydrogen in blast furnaces to reduce and achieve India's emissions target. Steel sectors are the most carbon-emitting sector globally. The world's biggest steel producing country, China, has cut output to control emissions. Global steel producers, the World Steel Association (WSA), and non-profit organisations made a set of recommendations to adopt science-based targets for the industry towards net-zero emissions targets. Image Source Also read: ACC Limited signs net zero pledge for carbon reduction goal 2030