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					</table><p>A recent stakeholder meeting held by Minister of Steel Jyotiraditya Scindia emphasized the importance of a comprehensive approach to deploying renewable energy to decarbonize the steel industry.</p>
<p>Along with the use of renewable energy, the meeting organized by the <a href="https://steel.gov.in/" target="_blank" rel="noopener">Steel Ministry</a> discussed pathways for the industry’s decarbonization through skill development and incentives.</p>
<p>The meeting brought together five of the 13 task forces, all aimed at fostering the green steel ecosystem in India, uniting a consortium of stakeholders, industry experts, and government officials to realize the aim of decarbonization of the steel industry landscape.</p>
<p>The meeting discussed customized decarbonization solutions covering both integrated steel plants and secondary facilities. The meeting also discussed financing options for green steel production, the use of natural gas and syngas instead of coal-based feedstock directly reduced iron plants to cut carbon emissions, and the need to empower educational institutions to meet the industry&#8217;s evolving skill demands.</p>
<p>The meeting was held at a time when the Indian steel industry has been voicing concerns that steel exports to the European Union could become uncompetitive because of the Carbon Border Adjustment Mechanism (CBAM).</p>
<p>During the transitional phase of CBAM, which took effect on October 1, the tariff measure will <a href="https://www.mercomindia.com/eu-adopts-rules-governing-carbon-tariff-measure" target="_blank" rel="noopener">apply</a> only to imported products and commodities like iron and steel, cement, aluminum, fertilizers, electricity, and hydrogen.</p>
<p>The EU rules detail the reporting obligations for importers of CBAM goods and the methodology to calculate embedded emissions released during the manufacture of goods from the source countries.</p>
<p>The Indian government is <a href="https://www.mercomindia.com/government-mulls-mandating-green-steel-public-projects" target="_blank" rel="noopener">considering</a> the enforcement of green steel utilization in public projects as a vital step in reducing emissions and achieving carbon neutrality in the steel industry by 2070. The government has embarked on a string of initiatives to bring down carbon emissions in the steel industry and help it reach net zero by 2070. As a short-term measure, the government is already promoting the use of renewable energy and energy efficiency measures in the steel sector to minimize emissions by 2030.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/staff/" class="vcard author" rel="author"><span class="fn">Staff</span></a></div><div class="saboxplugin-desc"><div itemprop="description"></div></div><div class="clearfix"></div></div></div>

Deploying Renewable Energy Vital to Decarbonizing India’s Steel Industry


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					</table><p>The Government of India is considering mandating the use of ‘green steel’ in government projects with the goal of decarbonizing one of the most hard-to-abate sectors, Steel Minister Jyotiraditya Scindia told Parliament this week.</p>
<p>Green steel or low-carbon steel is steel manufactured without the use of fossil fuels.</p>
<p>The government has embarked on a string of initiatives to bring down carbon emissions in the steel industry and help it reach net zero by 2070.</p>
<p>As a short-term measure, the government is already promoting the use of renewable energy and energy efficiency measures in the steel sector to minimize emissions by 2030.</p>
<p>For the medium term until 2047, the focus of the steel sector will be on green hydrogen and carbon capture. As part of the initiative, the Ministry of New and Renewable Energy has made the steel sector a stakeholder in the National Green Hydrogen Mission.</p>
<p>Carbon capture is still at a nascent stage of implementation in India, with only a few sectors, such as steel, having implemented small-scale carbon capture projects, according to India’s 2021 Biennial Update Reports (BUR) to the United Nations Framework Convention on Climate Change furnished by the Ministry of Environment, Forest and Climate Change.</p>
<p>The BUR says CO2 emissions from the iron and steel industries were showing a downward trajectory, reducing to 4.75% in 2016 from 5.99% in 2014.</p>
<p>In the long term (2047-2070), the government will encourage the steel industry to explore disruptive alternative technological innovations to help achieve the transition to net zero by 2070.</p>
<p>Several Indian steel manufacturers are switching to renewable energy in varying degrees to power their operations. Not only will the use of solar and wind energy cut the industries’ power costs, but also help decarbonize their operations.</p>
<p>In July, <a href="https://www.jsw.in/" target="_blank" rel="noopener">JSW Steel</a> announced that it was <a href="https://mercomindia.com/jsw-steel-invest-%e2%82%b9100-billion-reduce-carbon-emissions/" target="_blank" rel="noopener">earmarking</a> ₹100 billion (~$1.26 billion) for carbon reduction initiatives, including increasing the use of renewable energy to replace thermal power. It has entered into power purchase agreements with special purpose vehicles set up by JSW Energy to procure renewable energy through the group captive model.</p>
<p>Earlier, steel giant <a href="https://corporate.arcelormittal.com/" target="_blank" rel="noopener">ArcelorMittal</a> <a href="https://mercomindia.com/arcelormittal-greenko-rtc-project/" target="_blank" rel="noopener">entered</a> a strategic partnership with Greenko Group to develop a 975 MW ‘round the clock’ solar and wind energy project in Andhra Pradesh at an estimated cost of $600 million.</p>
<p>The global steel industry could <a href="https://mercomindia.com/steel-industry-carbon-emissions-bnef/" target="_blank" rel="noopener">eliminate</a> carbon emissions by 2050 by investing $278 billion and using green hydrogen and recycling technologies, <a href="https://about.bnef.com/" target="_blank" rel="noopener">BloombergNEF</a> (BNEF) said in a report last December.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/nagaraj/" class="vcard author" rel="author"><span class="fn">B.S. Nagaraj</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Nagaraj_edtd-1.jpg" width="50" /></p>
<p><strong style="text-decoration: underline">B.S. Nagaraj,</strong> Senior Editor at Mercom India<br />
<a href="https://mercomindia.com/author/nagaraj/" target="_blank" rel="noopener">More articles from B.S. Nagaraj.</a></p>
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<div class="authorboxn"><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Nagaraj_edtd-1.jpg" alt="Nagaraj Bharadwaj" /><a href="https://mercomindia.com/author/nagaraj/" target="_blank" rel="noopener"><strong style="color: #00b451">B.S. Nagaraj</strong></a> is a Senior Editor at Mercom India. Nagaraj is an experienced journalist and has held senior roles in publications like The Indian Express and Deccan Herald, and Qatar Tribune. He has also worked for business advisory and risk management consulting firms in New Delhi.<br />
<a href="https://mercomindia.com/author/nagaraj/">More articles from B.S. Nagaraj.</a></p>
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Government Mulls Mandating Use of ‘Green Steel’ in Public Sector Projects

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