The international non-profit Climate Group, in partnership with ResponsibleSteel, launched SteelZero in India, a global initiative that brings together leading organizations to speed up the transition to a net zero steel industry.
India is the second-largest producer of steel after China. Emissions from India’s steel industry are projected to triple over the next three decades and the country’s push to meet its net zero targets will rely heavily on the decarbonisation of its steel sector.
SteelZero brings together businesses across the industry to make a public commitment to buy and use 50 low emission steel by 2030, thus setting a clear pathway to using 100 per cent net zero steel by 2050, the Climate Group said.
