+
Steps being taken to encourage green steel
Steel

Steps being taken to encourage green steel

According to India's first, second, and third Biennial Update Reports (BURs) to the United Nations Framework Convention on Climate Change (UNFCCC), for the years 2010, 2014, and 2016, the emissions from the iron and steel sector were 95.998 million tonnes CO 2 , 154.678 million tonnes CO 2 , and 135.420 million tonnes CO 2 , respectively.

The Ministry of Steel is dedicated to achieve the net-zero goal by 2070. Towards this goal, the steel industry's short-term (FY 2030) concentration is on reducing carbon emissions through the promotion of resource and energy efficiency as well as renewable energy. The use of green hydrogen and carbon capture, utilisation, and storage are the areas of attention for the medium term (2030-2047). Disruptive new technological advancements can aid in the transition to net-zero over the long period (2047-2070). Ministry of Steel is constantly interacting with different stakeholders for this purpose.

Following are some actions taken to encourage decarbonisation in the steel industry:- i. The Steel Scrap Recycling Policy, 2019, increases the supply of domestically produced scrap to lower the need for coal in the production of steel.

ii. The National Green Hydrogen Mission for environmentally friendly hydrogen production and use has been declared by the Ministry of New and Renewable Energy (MNRE). A stakeholder in the Mission is now the steel industry.

iii. The Motor Vehicles (Registration and Functions of Vehicles Scrapping Facility) Rules, which go into effect in September 2021, will make more scrap available to the steel industry. iv. The National Solar Mission, started by MNRE in January 2010, encourages the use of solar power while also assisting in lowering steel sector emissions.

v. The National Mission for Enhanced Energy Efficiency's Perform, Achieve and Trade (PAT) system incentivizes the steel industry to cut back on energy use.

vi. For modernization and expansion projects, the steel industry has adopted the Best Available Technologies (BAT) that are now being used globally.

vii. Steel factories have adopted the New Energy and Industrial Technology Development Organization (NEDO) Model Projects for Energy Efficiency Improvement.

The ministry is concentrating on educating manufacturers about the growing market for green steel. Faggan Singh Kulaste, the Union Minister of State for Steel and Rural Development, provided this information in a written response to a question in the Lok Sabha.

According to India's first, second, and third Biennial Update Reports (BURs) to the United Nations Framework Convention on Climate Change (UNFCCC), for the years 2010, 2014, and 2016, the emissions from the iron and steel sector were 95.998 million tonnes CO 2 , 154.678 million tonnes CO 2 , and 135.420 million tonnes CO 2 , respectively. The Ministry of Steel is dedicated to achieve the net-zero goal by 2070. Towards this goal, the steel industry's short-term (FY 2030) concentration is on reducing carbon emissions through the promotion of resource and energy efficiency as well as renewable energy. The use of green hydrogen and carbon capture, utilisation, and storage are the areas of attention for the medium term (2030-2047). Disruptive new technological advancements can aid in the transition to net-zero over the long period (2047-2070). Ministry of Steel is constantly interacting with different stakeholders for this purpose. Following are some actions taken to encourage decarbonisation in the steel industry:- i. The Steel Scrap Recycling Policy, 2019, increases the supply of domestically produced scrap to lower the need for coal in the production of steel. ii. The National Green Hydrogen Mission for environmentally friendly hydrogen production and use has been declared by the Ministry of New and Renewable Energy (MNRE). A stakeholder in the Mission is now the steel industry. iii. The Motor Vehicles (Registration and Functions of Vehicles Scrapping Facility) Rules, which go into effect in September 2021, will make more scrap available to the steel industry. iv. The National Solar Mission, started by MNRE in January 2010, encourages the use of solar power while also assisting in lowering steel sector emissions. v. The National Mission for Enhanced Energy Efficiency's Perform, Achieve and Trade (PAT) system incentivizes the steel industry to cut back on energy use. vi. For modernization and expansion projects, the steel industry has adopted the Best Available Technologies (BAT) that are now being used globally. vii. Steel factories have adopted the New Energy and Industrial Technology Development Organization (NEDO) Model Projects for Energy Efficiency Improvement. The ministry is concentrating on educating manufacturers about the growing market for green steel. Faggan Singh Kulaste, the Union Minister of State for Steel and Rural Development, provided this information in a written response to a question in the Lok Sabha.

Next Story
Infrastructure Transport

Study Launched for Hyderabad–Chennai Bullet Train Corridor

A new feasibility study has been initiated to examine the development of a high-speed rail corridor between Hyderabad and Chennai.The proposed project aims to cut travel time between the two cities to just over two hours, a significant reduction from the current 12-hour journey by conventional trains.The study is being carried out by RITES and forms part of the government’s broader plan to expand high-speed rail connectivity across key cities in southern India.News source: News Today Net..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?