Steel's Net Zero mission

The country’s commitment to achieving Net Zero within a targeted timeframe will now propel its steel sector towards a sustainable future in line with global trends.

- Sumit Maitra

The country’s commitment to achieving Net Zero within a targeted timeframe will now propel its steel sector towards a sustainable future in line with global trends. Major global steelmakers have all chalked out their own Net Zero path by creating a roadmap to bring down emission, raise recycling, improve efficiency and make the steelmaking processes and mining activities environment friendly.

And Indian Prime Minister’s recent commitment to achieve Net Zero by 2070 would now accelerate the sector’s decarbonisation initiative, Sheshagiri Rao, Joint Managing Director & Group CFO, JSW Steel Ltd, said.

“The entire world is moving towards energy transition and our Prime Minister in the COP26 has also made a very important announcement that India will become Net Zero carbon emissions by 2070. So, the need for the Indian steel industry to look at decarbonization at a much faster pace than what we are doing right now,” Rao said at the Global Steel Summit 2021.

“India has now joined the growing list of countries that have made Net Zero commitments to be reached somewhere between 2050 and 2070. With the decision of India, close to a hundred percent of global steelmaking capacities are now situated in countries that already have made Net Zero announcements. So we as an industry have to also step up and reduce our CO2 emissions,” Dr Edwin Basson, Director General, WorldSteel Association said during the event.