The Ministry of Indian, the Ministry of India is preparing to introduce individual target indicators of emissions for steel manufacturers, confirmed government sources on Friday, August 29. The initiative is aimed at balancing the urgent need for India in the decarbonization of the steel industry with various capabilities of various steel plants.
The coming goals to reduce emissions will be agreed with the national policy in the field of steel in 2017, and the companies that will not fulfill it will be subjected to fines. Nevertheless, manufacturers will be allowed to compensate for their goals using carbon loans, giving them flexibility when ensuring accountability.
various goals for small and large steel plants
according to sources, smaller steel factories will have Lower goals to reduce emissions, while larger manufacturers will be required to fulfill more stringent goals. The framework program is based on the target rules for the intensity of greenhouse emissions2025 gases, a project published by the Ministry of Environment, Forestry and Climate Changes (MOEFCC) as part of a wider carbon loan trading scheme of 2023, designed to create the domestic carbon market. control of the Energy Efficiency Bureau (EEB) using a detailed methodology to ensure accurate tracking of emissions in the steel sector.
this step emphasizes India's adherence to reduce the carbon trace in the heavy industry when creating opportunities for the growth of carbon markets in the carbon market loans.
