Construction Industry News
According to India's first, second and third biennial update reports (BURs) to the United Nations Framework Convention on Climate Change (UNFCCC), for the years 2010, 2014 and 2016, the emissions from the steel sector amounted to 95.998 million tonnes of CO 2, 154.678 million tonnes of CO 2, and 135.420 million tonnes of CO 2, respectively.
The Ministry of Steel is dedicated to achieve the net-zero goal by 2070. Towards this goal, the steel industry's short-term (FY 2030) concentration is on reducing carbon emissions through the promotion of resource and energy efficiency as well as renewable energy. The use of green hydrogen and carbon capture, utilisation, and storage are the areas of attention for the medium term (2030-2047). Disruptive new technological advancements can aid in the transition to net-zero over the long period (2047-2070). Ministry of Steel is constantly interacting with different stakeholders for this purpose.
The following are some measures taken to promote the decarbonisation of the steel industry: i. Steel scrap recycling policy, 2019, increases the supply of domestically produced scrap to reduce the need for coal in steel production.
ii. The national green hydrogen mission for environmentally friendly production and use of hydrogen has been declared by the Ministry of New and Renewable Energy (MNRE). A stakeholder in the Mission now is the steel industry.
iii. The rules applicable to motor vehicles (registration and functions of demolition devices) In September 2021, more scrap will be made available to the steel industry. iv. The National Solar Mission, started by MNRE in January 2010, encourages the use of solar energy while also helping to reduce emissions from the steel sector.
v. The Perform, Achieve and Trade (PAT) system of the National Mission for Improved Energy Efficiency encourages the steel industry to cut back on energy consumption.
Vi. For modernization and expansion projects, the steel industry has the best available Technologies (BAT) now used worldwide.vii. Steel mills have adopted the development of new energy and industrial technology Organisation (NEDO) Pilot projects for improving energy efficiency.
The ministry focuses on educating manufacturers about the growing market for green steel. Faggan Singh Kulaste, the Union's Secretary of State for Steel and Rural Development, provided the following information in a written answer to a question in the Lok Sabha.
3198
6399
2599
2890
16679
24600
8998
17999
5159
10299
239
599
649
900
425
799
7885
11269
497
712
599
1299
