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India's Coal-Based Steelmaking Investments Threaten Net-Zero Goals by 2070
906+ Words Refined into 7 Facts by AI • 2 sources • 0m ago
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- India's investments in coal-based steelmaking threaten its net-zero target by 2070.
- These investments could lead to up to $187 billion in stranded assets.
- India has the largest pipeline of steelmaking capacity globally, totaling 258 million tonnes per annum.
- Over 87% of India's ironmaking capacity relies on coal.
- Khadeeja Henna stated, “India’s ‘build now, decarbonise later’ approach will backfire.”
- India faces a rocky and uncertain path to achieve its net zero target.
- The government aims to boost crude steel production capacity to 300 million tonnes by 2030.
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