New Delhi, Feb. 26 -- Mandating 26% use of certified green steel in public projects could unlock up to 16 million tonnes per annum (mtpa) of demand from government-linked projects alone by 2029-30, said a study by the Confederation of Indian Industry (CII) on Tuesday.
The industry readiness assessment, developed by CII's Green Business Centre with support from Climate Catalyst, said a higher 37% mandate could create demand for up to 24mt of green steel and help avoid as much as 29.7mt of carbon dioxide emissions by 2029-30-equivalent to taking 6-9 million cars off the road each year.
Public procurement in the country accounts for Rs.45-50 trillion annually, while government-linked projects consumed about 31.6mt of steel in 2023-24, gene...
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