2023-24 Economic Survey emphasizes transitioning India's steel industry to green steel production for reduced greenhouse gas emissions.
The Economic Survey 2023-24 highlights that green steel production, using green energy sources and minimizing fossil fuels, is crucial for a low-carbon global economy. Green steel accounts for 12% of India's greenhouse gas emissions with an emission intensity of 2.5 tonnes of CO2 per tonne of crude steel, higher than the global average of 1.9 tonnes, indicating a need for transition in India's steel industry.
July 22, 2024
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