India is set to announce a formula for defining “green steel” by mid-December 2024, as part of its broader strategy to drive the decarbonisation of the steel industry. According to a government source, the Ministry of Steel is working on the details of government procurement policies for decarbonised steel, a crucial step toward fostering sustainable practices in one of the country’s most carbon-intensive sectors.
The formula aims to set clear parameters for what constitutes green steel, typically characterised by low-carbon or carbon-neutral production processes. These measures are expected to include the use of renewable energy, advanced production technologies, and carbon capture techniques, in line with India’s long-term sustainability goals and climate commitments.
While the federal Ministry of Steel has not yet commented on the details of the announcement, the move is seen as a significant step toward achieving India’s broader decarbonisation targets and reducing its carbon footprint. Steel production is one of the major contributors to industrial emissions, and the transition to green steel is central to India’s efforts to meet its net-zero emissions goal by 2070. The source, who requested anonymity, confirmed that the government is also exploring mechanisms to support the procurement of decarbonised steel for public sector projects. This could include preferential procurement policies that would encourage the adoption of greener steel in infrastructure projects, construction, and government-backed initiatives. As India accelerates its push toward sustainable industrial practices, the green steel initiative is expected to be a key component of its efforts to modernise the manufacturing sector and align with global trends toward reducing carbon emissions.
