India Sets Global Precedent with Green Steel Definition and Emission Standards
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- India defines “green steel” with emissions lower than 2.2 tonnes of CO2.
- The star rating system classifies steel based on emissions intensity.
- Current average emissions for India's steel industry are 2.6t-CO2e/tfs.
- Proposed ₹15,000 crore Green Steel Mission aims to support greener practices.
- India considers 20-25% safeguard duty to curb cheap imports.
- Transition to green steel requires ₹260,000 - 270,000 crore investment.
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