The steps taken by Government to encourage the adoption of 'green steel' technologies by the country's steel manufacturing sector, including initiatives to reduce greenhouse gas emissions and enhance sustainability of steel production processes are as under:-
(i) 14 Task Forces were constituted with the engagement of industry, academia, think tanks, S&T bodies, Different Ministries and other stakeholders to discuss, deliberate, and recommend different levers of decarbonisation of the steel sector. These Task Forces gave in-depth recommendations on technologies including Energy Efficiency, Renewable Energy, Green Hydrogen, Material Efficiency, Process Transition from coal-based DRI to Natural Gas based DRI, Carbon Capture, etc.
(ii) The Ministry of New and Renewable Energy (MNRE) has announced the National Green Hydrogen Mission for green hydrogen production and usage. The steel sector is also a stakeholder in the Mission to promote the utilisation of Green Hydrogen in iron and steel making.
(iii) National Solar Mission launched by the Ministry of New and Renewable Energy in January 2010 Promotes the production and use of solar energy which contributes to reducing emissions in the steel industry by increasing the uptake of renewable energy.
(iv) Perform, Achieve and Trade (PAT) scheme, under the National Mission for Enhanced Energy Efficiency, incentivizes steel industry to reduce energy consumption.
(v) The steel sector has adopted several Best Available Technologies (BAT) available globally in modernization and expansion projects.
(vii) The Carbon Credit Trading Scheme (CCTS) has been notified by the, Central Government on 28th June 2023, which provides an overall framework for the functioning of the Indian Carbon Market and roles and responsibilities of stakeholders towards scheme.
The objective of CCTS is to reduce or avoid greenhouse gas emissions from various sectors of Indian economy by pricing the emissions through a carbon credit certificates trading mechanism.
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