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May 17, 2022 - BY Admin

India-Southeast Asia will worsen emission profile on rising crude steel production

India has set a target of producing 300 million tonnes by 2030-31 when domestic consumption is expected to be more than 200 million tonnes. Indian mills produced 118 million tonnes of crude steel in 2021.

The aggregate emission intensity in these regions will improve as production triples and carbon emissions will in turn double from current levels, said a report by Wood Mackenzie, a Verisk business (Nasdaq:VRSK). Decarbonisation initiatives in these regions will intensify in the second half of the forecast horizon, said the report released in Singapore. --Economicstimes