Steel is a material of vital importance to the Indian economy, as with all economies. If the living standards of Indian citizens are to increase, then the use of steel will also need to increase substantially. With this increase in steel demand comes a myriad of challenges and opportunities, not least amongst them the impact this would have on the environment.
At TERI, we have developed a robust understanding of the factors that drive the transition towards cleaner technologies through our Energy Transitions Commission India work programme. Whilst much work has been carried out in the power sector, we are just beginning to understand what such a transition might look like for the highest energy-consuming sectors of the Indian economy; the heavy industry sectors, chief amongst them being steel.
In January 2020, we published a report 1 presenting an initial overview of the Indian steel sector and the options to mitigate its impact on the environment, through reducing emissions.
Our recommendations from this report are organized into three pillars.
Pillar 1: Improve Energy Efficiency, Resource Efficiency and Material Circularity
Today, the Indian iron and steel sector is relatively energy-intensive compared to international benchmarks. However, on reviewing a large number of possible energy-efficiency measures, we have shown that the average plant could lower energy consumption per unit output between 24 per cent and 38 per cent, depending on the production route. This would have important benefits in lowering aggregate energy consumption and CO 2 emissions, where adoption of best available energy-efficiency technologies could reduce overall emissions by up to 15 per cent by 2050, versus the Baseline (where some energy-efficiency measures are adopted).
Denne historien er fra August 2020-utgaven av TerraGreen.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra August 2020-utgaven av TerraGreen.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Empowering Tomorrow's Workforce The Rise of Vocational Education in India
The young population in India presents both opportunities and challenges, as the workforce needs practical skills that conventional education often lacks. Vocational education and training VET) is essential to provide job-specific expertise, bridging the gap between academic knowledge and industry demands. In this article, Amarpreet Kaur and Vidhi Rani highlight that vocational education and training serve as a cornerstone in India’s efforts to propel economic growth and empower its burgeoning workforce. Vocational education and training are a fundamental component of modern education systems, addressing a pressing need in society. The alignment of VET with the G20 objectives emphasizes its crucial role in inclusive growth, employment, and human capital development.
Eco-conscious and Sustainability-focused Brand Kheoni Paving the Way for a Greener Future
\"If you really, truly are into sustainability, you cannot operate in isolation. You need to be transparent.\" -Khayal Garg, Green Warrior
Water Sustainability Flexible approaches for managing and conserving water resources
In this article, Vijeta Thakur and Dr S K Bhardwaj discuss innovative technologies for water conservation along with urban water management solutions. They also explore policy and governance approaches regarding water conservation. Implementing Integrated Water Resource Management IWRM) helps coordinate the management of water resources across different sectors and stakeholders, balancing competing demands and ensuring sustainable use. Developing transparent and equitable water allocation systems, coupled with appropriate pricing mechanisms that reflect the true value of water, can incentivize conservation and efficient use while ensuring access for all.
Lady Banks' Rose A Lady's Shady Rose
The world may have been having an irate look towards China, cursing her for COVID-19 virus, assertions in South China Sea, and her alleged expansionist policies and so on. Whether she really deserves these insinuations may be a matter of academic discussions; there however, is no denying to the fact that the old Dragon has bestowed the world with things beautiful enough to capture anybody's attention
The Vanishing Bristled Grassbird
In this article, Dr Surya Prakash tells us about the bristled grassbird, known scientifically as Chaetornis striatus. Endemic to the Indian subcontinent, the bristled grassbird finds itself perilously perched on the brink of endangerment, classified as a‘Vulnerable Species’ by the IUCN since 2010. The relentless decline in its population can be attributed primarily to habitat loss. Keep reading to know more...
Embracing Climate Disclosure Governance India's Banking Sector's Resilient Step
With the introduction of the Disclosure Framework on Climate-related Financial Risks 2024)’ by RBI, it is quite apparent that the banking sector is continuously striving towards sustainability and climate sensitization. The new framework evolves the narrative, acknowledging the inevitability of climate change affecting these entities and, consequently, the broader financial stability. The framework not only acts as a means to inform the various stakeholders about climate-related issues but also to develop a narrative of financial resilience in the face of unprecedented challenges related to climate risks. Naman Mishra and Dr Megha Jain say that the framework is built upon four main pillars—Governance, Strategy, Risk Management, and Metrics Targets. Keep reading to know more...
India's Carbon Market On the Verge of Reality
In this article, Yukta Anand and Prof. Asheesh Pandey throw light on carbon market, which is soon going to be a reality for India.
Water Equation India and the Nordics
The Nordic countries, known for their commitment to sustainable development and environmental protection, offer invaluable knowledge and technologies to improve water management practices. From state-of-the-art water purification systems to sustainable irrigation techniques, Nordic expertise provides crucial tools to mitigate the effects of climate change on water resources. In this thought-provoking article, Biba Jasmine discusses that by utilizing the expertise and cutting-edge technologies from the Nordic region, Indian industries can enhance their water management systems, reduce pollution, and increase resource efficiency.
Charging towards Sustainability The Circular Revolution of EV Battery Recycling
Ankit Sharma is the Co-Founder & Director, Vidyuta Materials Pvt. Ltd., which stands at the forefront of innovation in the energy storage industry, pioneering the manufacturing of cutting-edge battery materials for the batteries used in energy storage systems (ESS), electric vehicles (EVS), mobiles, laptops, etc.
The Magic of Traditional Indian Barbeque Strengthening local economy and sustainability
Manu Shrivastava's article highlights the traditional dishes of South Gujarat and Maharashtra's Konkan region-ubadiyu, undhiyu, and popti.
