The Reserve Bank of India (RBI) pushed for technological intervention to reduce these carbon emissions from the cement sector, which would help India achieve its net-zero emissions targets.
The RBI said India's goal of meeting half of its energy needs from renewable sources and reducing the carbon intensity of the economy by 45% by 2030 requires a policy overhaul across all sectors, especially where carbon emissions are high, and the cement industry is there. one of.
Recent developments in green technology, especially in reverse calcination, offer promising opportunities for the cement industry.
According to the RBI report, India's cement production is likely to reach 381 million tons (mt) in 2021-2022, while consumers would reach around 379 million tons.