New Delhi, April 30 -- A report by the Institute for Energy Economics and Financial Analysis (IEEFA) warns that a widening gap between climate targets and on-ground action in Indias steel sector could lock in emissions-intensive technologies for decades, delaying its transition to net zero and undermining long-term competitiveness.
The report, Decarbonisation readiness in Indias steel sector, noted that while the industry has adopted climate targets aligned with the Paris Agreement, this ambition is not matched by adequate progress in developing the necessary operational, technological and financial infrastructure.
Dr. Saurabh Trivedi, Lead Specialist, Sustainable Finance and Carbon Markets - South Asia at IEEFA, said, Indias steel indu...