India’s dirty furnaces threaten global steel net zero goal

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India’s steel sector could make or break a key global decarbonisation objective, according to a non-profit that tracks energy infrastructure.

While China still dominates in terms of operating capacity, India is the most polluting steelmaker and has the largest pipeline, with more than 350 million tons per year at various stages of development. Much of the upcoming furnaces will be fed by coal, as the country still lacks the scrap feedstock used in cleaner production methods.

“India is now the bellwether of global ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#SME#href” href=”https://economictimes.indiatimes.com/topic/steel-decarbonisation” target=”_blank”>steel decarbonisation,” Astrid…



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India’s dirty furnaces threaten global steel net zero goal


India’s steel sector could make or break a key global decarbonisation objective, according to a non-profit that tracks energy infrastructure.

While China still dominates in terms of operating capacity, India is the most polluting steelmaker and has the largest pipeline, with more than 350 million tons per year at various stages of development. Much of the upcoming furnaces will be fed by coal, as the country still lacks the scrap feedstock used in cleaner production methods.

“India is now the bellwether of global ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#SME#href” href=”https://economictimes.indiatimes.com/topic/steel-decarbonisation” target=”_blank”>steel decarbonisation,” Astrid…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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