India is preparing to challenge the EU's Carbon Border Adjustment Mechanism (CBAM) at the WTO, which requires non-EU steel producers to report emissions. As the only major steel producer with significant growth (8.5% in early 2024), India must address its sector's high carbon footprint, responsible for 12% of national CO2 emissions. To meet climate targets and expand exports, India is exploring biomass and green hydrogen for decarbonisation. The government must push the industry towards greener practices, implement green steel procurement policies, support R&D, and establish frameworks for financing the transition to ensure a sustainable steel sector. Read The Rest at :
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