The Centre is planning to roll out a Rs 5,000 crore scheme over the next three months to promote the adoption of cleaner technologies in the steel sector as part of efforts to reduce carbon emissions, PTI reported. The proposed scheme, National Strategy for Sustainable Secondary Steel, is expected to be launched within the next three months, a senior government official told PTI.“The scheme may go for approval of the Union Cabinet,” another official familiar with the development said.The scheme will cover all steelmakers in the country, although a major share of the financial support is expected to be earmarked for secondary steel producers.The National Strategy for Sustainable Secondary Steel aims to encourage the adoption of clean technologies and alternative materials across various steelmaking processes to cut carbon emissions from the domestic steel industry.The initiative assumes significance as India is a signatory to the Paris Agreement and has committed to achieving net-zero emissions.The steel sector is among the country’s largest carbon emitters. According to official data, India’s steel industry accounts for 10-12% of the country’s greenhouse gas emissions, with an emission intensity of 2.55 tonnes of COâ‚‚ per tonne of crude steel, higher than the global average of about 1.9 tonnes of COâ‚‚ per tonne of crude steel.
