India's Steel Expansion Plans Risk Net Zero Emission Goals by 2070
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- India aims to increase steel production from 180 million metric tons to 300 million metric tons by 2030.
- Global Energy Monitor (GEM) warns this could hinder net zero emissions by 2070.
- Investments in coal-based steelmaking could lead to 680 million metric tons of additional emissions.
- 85% of energy in India's steel sector comes from coal.
- Steel producers generate 2.55 metric tons of CO2 per ton of crude steel.
- India's steel capacity under development is 69% coal-based.
- Prime Minister Narendra Modi set the 2070 target, two decades later than recommended.
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