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Jul 04, 2022 - BY Admin

Govt directs steel industry to draw time-bound action plan to lower CO2 emissions

In line with the government's COP26 commitments, the Ministry of Steel has asked the stakeholders to develop a time-bound action plan to lower emissions in the steel industry. According to a ministry document, the iron and steel industry globally accounts for around 8 per cent of total carbon dioxide (CO2) emissions on an annual basis, whereas in India, it contributes 12 per cent to the total CO2 emissions. Thus, the Indian steel industry needs to reduce its emissions substantially in view of the commitments made at the COP26 climate change conference.

 

India will meet a target of net zero emissions by 2070, Prime Minister Narendra Modi said at the COP26 global climate summit in November 2021.

 

In a meeting held recently, Steel Minister Ram Chandra Prasad Singh "urged the stakeholders to develop a time-bound action plan and make concerted efforts for lowering the emissions from the steel industry in line with the commitments made by the Government in COP26". --Economictimes