Union Minister of Steel and Heavy Industries H D Kumaraswamy today unveiled the Taxonomy of Green Steel for India in New Delhi, in the presence of Minister of State for Steel and Heavy Industries, Bhupathi Raju Srinivasa Varma. On the ocassion, Mr. Kumaraswamy said that India is committed to decarbonise the steel sector in alignment with net-zero emission intensity target by 2070. He added, this is will be a historic milestone in India’s journey towards low-emission steel.
Mr. Kumaraswamy expressed that the release of the Green Steel Taxonomy for India marks not only a significant milestone for Steel Ministry but also for our collective mission of transitioning toward a low-carbon economy. The release of the Taxonomy of Green Steel marks a crucial step in advancing the National Mission on Green Steel.
In his address, Mr. Varma said the launch of the Green Steel Taxonomy represents a transformative framework in steel production that will help define green steel, foster innovation, and create a market for low-carbon products in India. Our Correspondent reports that the taxonomy of green steel is a prerequisite for developing a policy for decarbonising the sector and creating demand for green steel.
