Decarbonising the Steel Sector: An Economic Necessity & Environmental Obligation for India
The European Union's Carbon Border Adjustment Mechanism (CBAM), effective from January 2026, introduces carbon tariffs on greenhouse gas emissions during the production of certain carbon-intensive goods such as iron, steel, and fertilizers. As iron and steel constitute nearly 90% of India’s exports to the EU exposed to CBAM, Indian producers face significant competitive and regulatory challenges.
- Against this backdrop, India’s emphasis on increasing scrap share in steel making aligns with its green steel initiative and emerging global sustainability norms.
Why Decarbonising Steel is Now a Necessity?
India’s Steel Production and Global Emissions
- As the world’s second-largest crude steel producer, ....
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